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    Prices

    November 7, 2017

    Murky Market for Some, Others Are Sure Prices Will Go Higher

    Written by John Packard

    A couple of weeks ago, ArcelorMittal USA announced price increases taking flat rolled steel base prices on hot rolled to $625 per ton and $41.25/cwt base on cold rolled and galvanized. We have yet to see spot prices out of the domestic steel mills reach the prices suggested by AMUSA. The rest of the industry asked for prices to rise by $40 per ton, which would put prices in the $38.50/cwt-$40.50/cwt area. Many steel buyers are telling Steel Market Update (SMU) that pre-increase pricing is still available, especially on cold rolled and coated products.

    SMU has seen a bottom taking hold on flat rolled products and a push by some of the mills to move the upper end of the range at least $20 per ton, if not the full $40.

    John Packard

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