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    February 13, 2018

    SMU Price Ranges & Indices: Market Prices are Strong

    Written by John Packard

    Steel prices continue their march higher, and we are seeing a very strong market on hot rolled coil right now. With the strength of HRC, we are seeing a return to more normal price spreads between hot rolled, cold rolled and coated base pricing.

    Prices appear to be heading to even loftier levels with steel buyers relating discussions with their steel mill suppliers. A number of buyers have confided in Steel Market Update that mills like U.S. Steel and ArcelorMittal USA are out of the spot markets having their contract tons in hand and already booked through the month of April.

    John Packard

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