Analysis
March 5, 2024
Final thoughts
Written by David Schollaert
Flat-rolled steel prices have been running downhill in a hurry since the beginning of the year. In some ways, it’s no surprise because other indicators have also been pointing lower for some time.
Lead times have been contracting since the beginning of the year and are now below the five-week mark for hot-rolled (HR) coil for the first time since September. Mills are more willing to negotiate lower prices, and early reports seem to indicate that scrap might settle lower again in March.
