Final Thoughts
April 10, 2015
Final Thoughts
Written by John Packard
During my conference call with Cowen & Company and their customers last week I mentioned that I thought we could see a domestic mill price increase by the middle of May. My reasoning is inventories should begin to drop at the service center level and many of the end users want to tie up steel at today’s prices. There was a rumor running around the industry early last week of at least one mill suggesting there could be an increase “soon.”
However, as the week wore on we heard that the one mill being suggested as leaning toward an increase had all of a sudden gone quiet. The speculation being bantered about is that now is not the right time to go for an increase when you are complaining about foreign imports and asking for the government to make changes to the dumping rules.
