Final Thoughts

We are hearing from a number of service centers that there have been a couple of mills out there who are not interested in pushing prices again this year. The thought process is split within the steel community to see if the next increase (which the vast majority of the industry believes is coming) will be in early January 2017. The thought is the mills may want to wait and get the support of higher scrap prices and (hopefully) stronger production and order books.

We have added a large number of new members over the past few days and I want to take a moment to welcome them to Steel Market Update. I encourage all new readers to spend some time on our website which contains a wide variety of information from archived newsletters to our Truth About Selling Steel & Steel Buyers Basics series as well as our price indices on flat rolled and scrap. There is much more in the website and we are always trying to add new content germane to the steel industry.