Final Thoughts
March 21, 2016
Final Thoughts
Written by John Packard
Steel mills are still scrounging for ferrous scrap with little luck. We are hearing from our scrap sources that prices could be up as much as $30 per ton and we have even heard some numbers higher than $30. The net result will be more pressure on steel and steel prices as the mills scramble to keep their scrap pipelines full.
A reminder that I will be attending the Association of Steel Distributors (ASD) meeting in Naples, Florida at the end of next week. If you would like to meet with me during the ASD meeting please shoot me an email: John@SteelMarketUpdate.com or a text to: 770-596-6268.
