Hot-rolled band prices said on downward drift
Apr 10, 2013 | 03:47 PM
| Corinna Petry
CHICAGO Hot-rolled steel sheet prices continue to face an incremental "drift" downward amid aggressive sales tactics and short lead times, market sources told AMM.
"Producers are in troublethere is no lead time. We can get steel in five to seven days in some cases, depending on the mill," an eastern Great Lakes service center operator said.
A southern sheet distributor agreed, citing especially short lead times at a handful of mini-mills. "Thats one of the main factors affecting prices," he said. "(Plus), scrap (prices) pulled back, demand isnt improving any and theres oversupply."....
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