Written by executive editor Tom Stundza, Purchasing's Steel Flash Report is a concise monthly round-up of news and events that influence spot-market pricing for steel mill products. The report features the steel market's only definitive reporting of what buyers in manufacturing and construction industries are actually paying - and what they can expect to pay in future - for steel mill products

Latest Steel Flash Report – November 26, 2008, issue preview: 

Buyers report that mill-price declines have accelerated as demand drops

Buyers across the country confirm that steel prices are in freefall even though steel production is coming down very quickly. “Things will get worse before they get better,” according to analysts and economists, who project that prices of steel mill products--already back to where they were in January--probably won’t hit bottom until the middle of 2009 and only begin to rise modestly late next year. The average transaction price for hot-rolled sheet in coil (HRC) this month is $686, according to Purchasing’s survey of buyers, who say advance bookings for December will be closer to $600.

There are two options for purchasing Steel Flash Report:

One-time buy: $80 Order.

Your e-mail confirmation will contain a link for a one-time download of the most current monthly issue available.

Annual subscription: $900 Order.

Your e-mail confirmation will contain a link for downloading the most current monthly issue available. In subsequent months, your Steel Flash Report will be e-mailed to you directly on its publication date.