Final Thoughts
May 9, 2016
Final Thoughts
Written by John Packard
My final thoughts are going to be short this evening. The word that keep going through my head today as I spoke with buyers and sellers of steel was “worry.” The number of people who worry about what is going to happen next seems to be growing by leap years on a daily basis. I remember quoting a service center who participates in the HARDI conference calls in the last HARDI article I wrote. “We are one mill accident away from chaos” is how I remembered it (off the top of my head, so it may have been slightly different but I think you get the idea). Since then we have had two incidents and we still are not quite sure what the final impact will be with CSN or North Star BlueScope. Worry…
The financial community is worried about what is happening in China. Extremely worried.
