Final Thoughts
May 18, 2016
Final Thoughts
Written by John Packard
I saw a headline in another steel periodical stating that the USS/POSCO price increase was a reaction to the US DOC Final Determination on cold rolled. That doesn’t make sense to me. My understanding is UPI was behind in its pricing and needed to catch up. The new pricing is not outrageous when compared to the prices being asked by the mills east of the Rocky Mountains.
One of our sources advised us that we should expect California Steel (CSI) to come out with prices either on Friday but more likely on Monday since they have sales meetings every Monday.
