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    January 2, 2018

    SMU Price Ranges & Indices: Holiday Lull

    Written by John Packard

    Flat rolled steel prices barely budged over the past couple of weeks as steel buyers and sellers took a break for the Holidays culminating in the calendar flipping over to 2018. When we asked one commercial manager of a steel mill to comment about pricing earlier today we were told, “Gotta let the market percolate a little more. Not everyone is a believer coming back into the office after the holidays… Spot is going to run up.”

    We also spoke with the owner of a medium size service center who told us “nothing going on” and wondered how the crazy weather would impact steel production as in the past steel mills have had issues running blast furnaces in the cold weather.

    John Packard

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