Steel Market Update (SMU) published our hot rolled range as remaining the same as the prior week at $450-$480 per ton. We continued to collect data as the week has progressed and we received a number of data points at $440 for the low end of the range.
We are adjusting our hot rolled price range from $440 to $480 per ton with a new average of $460 per ton which is $5 per ton lower than earlier this week and down $5 per ton from what we posted on July 21st.
Since July 14th we have now posted two weeks where hot rolled pricing has dropped by $5 per ton.
We will continue to canvass the market and will advise of any changes as needed.
John PackardRead more from John Packard
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