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Prices, surcharges move again.

Publication: Metal Center News
Publication Date: 01-NOV-04
Format: Online - approximately 635 words
Delivery: Immediate Online Access
Full Article Title: Prices, surcharges move again.(Metal Industry News)

Article Excerpt
Flat-rolled steel prices over the past few months have exceeded forecasts by MEPS International Ltd., a steel industry consultancy in Sheffield, England. "This has not only been a surprise to us but also to most steel producers. We have seen profit upgrades from many of the major North American steel mills in recent weeks as a result of the higher-than-expected prices obtained in the market," MEPS Managing Director Peter M. Fish writes.

Rising scrap costs over the period changed market sentiment, he explains. A large percentage of production occurs through minimills. Consequently, scrap costs...

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