Steel Products
August 13, 2013
Final Thoughts
Written by John Packard
As I mentioned above in the first article I am getting pressure to adjust our Price Momentum from Higher to Neutral.I am not willing to do that – yet – and the main reason is we are in a supply driven pricing cycle and the supply issues have not yet been fully resolved.Does this mean prices will rocket higher from here? Probably not, but we need to resolve some issues first before we can pound the nails in this cycle’s coffin.
Steel mills, as public companies, tend to be tight lipped about their production issues. Bad press is not good for their investors nor is it good news for their customers.
