Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.

Kallanish Kallanish

Knowledge matters Knowledge matters

December, 16th 2018

Free Trial Buy Subscription
NOV 13

US sheet pricing loses steam, stays still


US sheet prices continued to gel last week due to the outstanding base price increase, but upward momentum seems to have slowed, Kallanish finds.

Both buy- and sell-side sources agree that $620/short ton is the most common level for hot-rolled coil.

“It does seem like most of the market is around $620/st on hot-rolled, and some transactions have trended lower closer to $610/st if there is an opportunity to take an order and ship it before year-end,” says a source at one top-tier mill.

He adds that buys at $630/st are also being made, while cold-rolled is hovering in a band between $800-820/st. The bulk of those cold-rolled buys, however, are at the bottom of the range.

“Import price offerings are moving down, but the volume of receipts continues a bit lower,” says one Midwest service centre executive. “Last week seemed to be a good week for consumer buying, so I think mills made good progress on moving lead times into 2018.”

Kallanish held its hot-rolled assessment Monday at $620-630/st and its cold-rolled assessment at $800-810/st. All prices are ex-works, domestic mill.