bar quality (SBQ) base prices have remained unchanged over the
past six weeks, buyers said.
Talks on contract
terms for 2014 between buyers and their mill suppliers and
manufacturing customers have also begun, they said, with
stability and cautious optimism the most prevalent phrases in
amm.com, Oct. 21).
The AMM price
for hot-rolled Grade 1000 series 1-inch rounds came in at $817
per ton ($40.85 per hundredweight), down from $829 per ton
($41.45 per cwt) previously. Of the decline, $10 is attributed
to the 50-cent drop in the raw material surcharge and $2 to
lower order rates, as there has been sufficient material
throughout the supply chain.
"We are cautiously
optimistic. Demand has not worsened, which is why were no
longer panicking," one western Great Lakes distributor said.
"This is turning out more like 2010 than 2012. We are hoping we
dont see any degradation in prices, but you can get a
supplier to drop the price a little bit."
On the customer side,
"the automotive tonnage is there; everything else is not," he
The pace of sales
remains steady, a national processor and distributor based in
the Southeast said.
"No one is bulking up
or taking a lot of risk with steel. I am constantly looking for
where demand is improving. There is more optimism, but it is
cautious. ... Some of the jobs that were quoted numerous times
are starting to be awarded. We dont see much change in
pricing," he said.
"We see more of the
same. Business is steady, a tad below our forecast," a
Mid-Atlantic cold finisher said. "We expect more of the same
next year and selling prices are unchanged."
A steel forge operator
said his sales, shipments and new orders have been helped by
automotive industry demand, but general industrial demand is
off from last year.
"create the bounce" that was expected after a seasonal summer
lull. "We have been in an extended period of low levels of
activity. We hope that this weakness wont continue next
year," a producer of cold-drawn shapes said.
optimistic. Things are stable," a cold drawer in the
Monongahela Valley region said.
histrionics in Washington, he believes the market is poised for
growth, with demand continuing to rise among automotive, energy
and aerospace customers.
"Core accounts have
held their own. Some increased their business, others are flat,
but we will be ahead of sales, volume and profit