Final Thoughts
November 11, 2015
Final Thoughts
Written by John Packard
Even though I personally believe steel prices will probably not go too much lower from here, we still have the SMU Price Momentum Indicator pointing toward lower pricing. We are looking for signs that the slide may be about over but, we continue to see weakness on hot rolled products.
We got a note from a Nucor Berkeley customer today telling us the Nucor galvanized prices quoted this week were actually higher than they were previously. They sent us a lead time table produced by Nucor Berkeley which showed galvanized lead times as being out to the end of January and into February 2016.
