Price Increase? What Price Increase? Steel Buyers Speak

Tuesday, September 12, 2017 8:27 PM Written by 

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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John Packard

John Packard is the President and Publisher of Steel Market Update. Since 1977, he has been an active participant in the flat rolled steel business in North America. His background provides the unique flavor and quality of Steel Market Update. John has held positions in the service center, steel mill and trading company segments of the flat rolled steel industry. John founded Steel Market Update, Inc. in August 2008. John can be reached via email at: or by phone: 800-432-3475.

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