Final Thoughts
January 13, 2016
Final Thoughts
Written by John Packard
After reviewing the results of last week’s flat rolled market analysis (our survey) I continue to be optimistic that business conditions will continue to improve as 2016 progresses. We broke the negative trend in our Sentiment Index, we are seeing more optimistic results from manufacturing as they look out three to six months into the future and the erosion of prices has stopped.
I do agree with Spencer Johnson in tonight’s HRC Futures article. The domestic steel mills have to remain reasonably competitive with foreign steel or they will do nothing more than invite domestic buyers to return to foreign products. The countries may be different but the results for the domestic mills will be the same.
