Throughout the day (Tuesday, Sept. 12, 2017), Steel Market Update (SMU) has been discussing steel prices, AK Steel’s price announcement and whether or not there is any way the mills will be able to collect another $30 (or anything) based on what is happening in the market right now.
“This increase puzzled all of us. I guess if you have no spot tons to sell you can raise prices whenever you would like. Not sure what they were thinking,” said one flat rolled steel service center executive describing his feelings about AK Steel's price announcement.
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