Final Thoughts

I want to extend our apologies for the “test” newsletter which was sent out to our members by our website developers on Saturday. We received a few emails surprised at some of the dated headlines.  Seems like a few people don’t believe “stability” is in the cards for the current market.

I received a number of emails from the financial community asking for me to comment on a well-known analyst pegging the low end of the current market at $575 for large buyers.  SMU has not collected data at the $575 level as of late last week. We have collected data below $600 per ton on hot rolled but not enough to call the market as being in free fall. We will have to wait and see what this week brings…