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AK Steel (AKS -0.2%) increases current spot market base prices for all carbon flat-rolled steel...

  • Friday, December 7, 2012, 3:18 PM ET
    AK Steel (AKS -0.2%) increases current spot market base prices for all carbon flat-rolled steel products by $30/ton, effective immediately with new orders. Platts spot prices have jumped 10% to $644/ton from $580 in mid-October, sparked by the strong U.S. auto market, periodic shortages related to mill outages, and high demand in local markets such as shale regions in need of steel drilling pipe.
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  • They seem very prompt on announcing the increases, but over time the price has decreased, so where are the announcements of decreases?

    I sense a lack of symmetry.
    7 Dec 2012, 03:22 PM Reply Like
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