Final Thoughts
January 25, 2017
Final Thoughts
Written by John Packard
I want to take a moment to thank all of the attendees who attended our Steel 101 workshop in Huntsville, Alabama. We had a great two days and the Nucor team at Decatur did a great job hosting our mill tour on Tuesday of this week. Thank you again to Nucor for supporting our educational programs. Our next Steel 101 will be held in Toledo, Ohio where we will tour the North Star BlueScope mill. Dates for that workshop are April 11-12, 2017.
The scrap article in tonight’s issue is another warning shot across the bow of steel buyers. If scrap prices drop $30-$40 per gross ton in February the psychology of the market will change and buyers will expect concessions from the steel mills, especially after pushing prices up 5 times on the back of rising scrap prices… As I have said before, steel buyers must remain vigilant and stay close to their suppliers as well as those of us who are ferreting out market intelligence.
