Final Thoughts
February 9, 2015
Final Thoughts
Written by John Packard
I have been speaking with a number of service centers involved in the secondary side of the steel industry. Although early in my investigation, I am learning that no one really knows how the huge drop in scrap prices will ultimately affect the secondary markets. Usually there is a relationship between secondary steel prices and scrap. I learned that as prime prices fall secondary prices usually move as well but not necessarily in equal amounts. We will dig some more to see what we can learn about secondary price movements in comparison to prime and scrap price changes.
We are taking reservations for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held in the Chicago area and will include a tour of the NLMK mini mill in Portage, Indiana. You can find details about our program, instructors, cost and registration on our website: www.SteelMarketUpdate.com in the Events section. If you have any questions do not hesitate to contact our office: 800-432-3475 or, info@SteelMarketUpdate.com.
