Final Thoughts
September 8, 2014
Final Thoughts
Written by John Packard
The new coating extras are creating a bit of a bumpy ride for some mills/customers while others are adapting and moving forward. This is something we will need to watch over the next few weeks as we transition to the new extras. Our sources are advising us that some mills are making adjustments to base prices while others, who may not need the spot tons, are not making adjustments to their base prices.
A reminder that Steel Market Update has made an adjustment to our .060″ G90 coating extra on our index from $3.00/cwt to $3.45/cwt. Our understanding is at least one other index is making a similar adjustment.
