Final Thoughts
June 20, 2016
Final Thoughts
Written by John Packard
Two steel mills announced price increases today. This is the beginning of the 6th round of increases since the first announcement in early December 2015. However, unlike past announcements this one just doesn’t “feel” the same.
We are not seeing a rush to buy (unless it was a special deal at much less than the number suggested by ArcelorMittal). We will be working on where demand is on flat rolled products but, our initial read of the market is demand is “decent” but not necessarily as strong as expected. This is something we will be working on in the coming days.
