Steel Products
January 4, 2013
Final Thoughts
Written by John Packard
Our Fiscal Cliff article does not tell the whole story – read Andre Marshall’s HRC Futures article to get more details – there are new taxes (or old taxes come back to live again) which most, if not all, U.S. citizens will pay. The question is how will the impact on our individual paychecks affect our spending – especially on those big ticket items steel companies count on.
Scrap – early information from SMU sources are pointing toward sideways to minimal scrap increases in the Midwest and minor increases in the East. We are a long way away from having enough data to call specific prices for the month of January – but, sentiment does not appear to be receptive for higher prices.
