Final Thoughts
January 22, 2017
Final Thoughts
Written by John Packard
SMU sources advised that US Steel Great Lakes had a furnace issue due to a leaking water line and a weld gas explosion. They were down for about a shift and are now back up and working for the time being.
I wrote the Price Momentum article this evening to make sure that there was no misunderstanding regarding the article I wrote on Sunday evening regarding “cracks” in the price floor. In that article I stated that there were potentially some issues on hot rolled that needed to be watched (and I still believe that), but I did not have information suggesting lower prices being offered on cold rolled or coated steels.
