Final Thoughts
Final Thoughts
Written by John Packard
February 17, 2017
As mentioned in an earlier article, steel buyers need to be aware of the potential for a new round of price increase announcements out of the domestic mills. The drop in scrap prices in the first few days of February followed by a sharp rise between now and then have the mills a bit on edge. They now believe scrap prices could jump again in March which would put pressure on their margins. Whether any new price increase will stick is another question entirely. We have a couple of new players looking for hot rolled orders and cold rolled and coated trial orders (Big River Steel and Acero Junction).
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John Packard, Publisher
John Packard
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Final thoughts
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Final thoughts
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Final thoughts
The phrase “political football” has been tossed around a lot lately. (Pun probably intended.) For the humble journalists at SMU who thought the week following Steel Summit would prove a quiet one… the news cycle had other ideas
Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.