Final Thoughts
April 22, 2015
Final Thoughts
Written by John Packard
We appear much closer to the crossroads than I think many of you realize. Reliance, Nucor and Steel Dynamics spoke about the changes coming in their own way during their earnings conference calls. Reliance prodded the mills to raise prices – now. SDI spoke about their attorneys waiting for the right time before they can file successful dumping suits. Nucor talked about keeping foreign steel at bay and that it may be premature to file price increases. We live in interesting times and my personal opinion is everyone in the flat rolled steel industry needs to keep their eyes, ears and minds open to change.
I will go into more detail on what I mean in Sunday night’s newsletter.
