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    Prices

    November 29, 2016

    Service Centers/End Users Comment on Price Direction from Here

    Written by John Packard

    Steel Market Update went out to a couple of hundred steel buyers and executives today as we probe for information about flat rolled steel prices. At the same time we asked questions about price direction and demand. Tonight we will cover price direction (prior to AM increase announcement) and on Thursday we will cover their comments on demand. The responses we got back were almost an equal mix of OEM and Service Center/Wholesaler.

    Just about all of the comments below were made prior to the ArcelorMittal USA base price announcement which hit most buyers on Tuesday afternoon. However, as you can see by the comments most companies anticipated the increase to be made either this week or next prior to ferrous scrap negotiations being concluded (they are expected to be higher in December).

    John Packard

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