Steel Products Prices North America
January 5, 2016
New Flat Rolled Price Increase Expected
Written by John Packard
When SMU was at the recent HARDI conference in December we remember that many of the executives were not interested in taking inventory positions as they felt there still could be more room to fall. From our perspective, looking at prices from a historical perspective, the domestic mills had already suffered lower prices than what we saw during the height of the Great Recession. In our mind, how much lower could we go?
Then we were reminded of what one OEM told us when asked when prices would bottom and move higher. He told us prices would go up when they stopped going down.
