Final Thoughts
August 5, 2016
Final Thoughts
Written by John Packard
My opinion is that we will need to watch foreign hot rolled offers this week. There are a couple of countries (including Korea) that were scheduled to come out with new HR pricing this week. Will the final determination ruling by the US Department of Commerce have any impact on prices?
We also will need to watch and see what USS/POSCO does as they deal with their potential supply issues. We expect they will be able to find other suppliers and we believe they have been qualifying other mills since the preliminary determinations were reported and it was obvious that POSCO was potentially at risk.
