Final Thoughts
August 11, 2017
Final Thoughts
Written by John Packard
I was advised late on Friday afternoon that we should expect a Nucor price increase early next week. With scrap prices firming $10 to $30 per ton our expectation is for the increase to be $25-$30 per ton. Then the question will be will the industry support another increase after tepid (at best) support for the last increase made in July. On July 19, Nucor advised their flat rolled customers of their intention to take prices up by $25 per ton. The other mills followed with similar increase announcements except NLMK USA, which asked for $40 per ton (and UPI on the West Coast asked for $50 per ton).
SMU will begin our mid-August flat rolled steel market trends analysis on Monday, Aug. 14, at 8 AM ET. If you receive an “invitation to participate” please take a moment to click on the button contained in the invitation, which will take you to our questionnaire. Thank you in advance for your participation and feedback.
