Prices
January 22, 2019
SMU Price Ranges & Indices: All is Quiet...
Written by Brett Linton
All is quiet on the eastern front (the western front announced increases yesterday – so, not so quiet there). Steel buyers have been telling Steel Market Update over the past few days that their inventories are stable to high, they are not comfortable with all of the uncertainty and concerned with the lack of transparency (foreign imports data missing because of government shutdown) and, therefore, are sitting on their hands waiting for a sign. When buyers sit, we tend to see flat rolled and plate steel prices bounce – up and down – which is what we caught this week.
Here is how we see prices this week:
