Final Thoughts
March 9, 2018
Final Thoughts
Written by John Packard
OK, the Section 232 announcement has been made. Canada and Mexico are in the clear (for the moment) and the president’s attention is now on North Korea and other issues not related to the economy. My advice, don’t panic (unless you haven’t bought any steel over the past few months, in which case you are going to pay a lot for your steel over the next few months).
One of the questions asked of me at the FMA annual conference in Arizona last week: How high can flat rolled steel prices go? Historically, we saw $1,070 per ton on hot rolled steel in late spring 2008. We haven’t had any government interference to this degree, so how high is not yet known.
