Final Thoughts
September 26, 2016
Final Thoughts
Written by John Packard
This area of the Steel Market Update newsletter is reserved for me to be able to provide my thoughts/opinions on a variety of subjects and our readers clearly know where these comments are coming from.
I have been asked on a number of occasions to comment on “rumors” of a domestic mill flat rolled price increase. It is my opinion that the mills would be a tad early if they were to announce a price increase at this time. An executive with a manufacturing company echoed my sentiments earlier today when he told me, “John lead times are short and demand is weaker. The only reason they would announce an increase is to stop the decreases. I think many are thinking short term until after the election. It may not have a real impact on economy but it does have people hesitating.”
