Editor's note: This article is provided by IHS Global Insight, Lexington, Mass., a leading provider of construction and pricing data. The authors are two of the nation's leading experts in construction materials pricing.

The discrepancy between announced list prices and actual transaction prices has muddled the steel marketplace and confused buyers. Fundamentals still point to global spot steel price weakness and favorable buying conditions through year's end. World steel prices have slipped this month in several regions, with a pronounced pullback evident in Asia and Western Europe. The slight rise in North American spot pricing for sheet steel is a case of a post-summer dead cat bounce rather than any movement toward the $40/ton price increase announced earlier by regional mills.

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