Prices
January 3, 2019
Price Ranges & Indices: Downtrend Continues from 2018
Written by Brett Linton
January 2019 has begun and steel prices have taken up where they left off as Steel Market Update price ranges and averages dropped compared to where we ended 2018. Steel buyers are worried about inventory levels, which some service centers reported as having grown more than expected during the month of December. They also worry about Section 232 tariffs, especially what is going to happen to Mexico and Canada, as well as scrap prices and the drop in the stock markets, which have some concerned about the overall economy. Many fingernails are being chewed this week as the market waits to see just what will push prices from here.
Here is how we see prices this week:
