Steel Pricing: Volatility Calms
October 19 2011 - As we move into the final quarter of 2011, steel pricing remains relatively calm. The drama of recent years has, so far, been replaced with a welcome stability. There appears to be simply too much weakness in the world economy to allow steel mills to drive pricing to where they would like it to be.
There is no question that domestic mills desperately need pricing to go up. The annual losses at large US steel producers continue unabated and only a return to stronger pricing will change their outlook.