Steel Products Prices North America
Domestic Mills Continue to be Receptive to Price Negotiations
Written by John Packard
October 23, 2014
Buyers and sellers of flat rolled steel are advising Steel Market Update that the domestic steel mills are receptive to negotiating prices on all products. Based on the most recent SMU flat rolled steel market survey results, 94 percent of the respondents reported the mills as willing to discuss hot rolled pricing. This is up from 68 percent reported in our last survey at the beginning of this month.
Those reporting cold rolled pricing as being in play rose from 57 percent at the beginning of October to 83 percent this week.
Galvanized also saw the percentage of those reporting the mills as willing to negotiate rise from 73 percent at the beginning of the month to 88 percent now.
Galvalume is the only product that saw a slight reversal as 100 percent reported the mills as willing to negotiate at the beginning of the month with only 83 percent reporting the same now.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.