Final Thoughts
April 20, 2018
Final Thoughts
Written by John Packard
I was asked if plate price momentum was also at neutral as we had just adjusted our flat rolled price momentum indicator away from higher to the neutral designation. To be honest, we haven’t actually incorporated plate into having its own index and it probably needs one. Plate prices don’t always move in sync with flat rolled and we would give it a “higher” designation right now rather than a neutral one.
Plate continues to be on allocation, and we are hearing numbers as high as $1,020-$1,030 once the next month is opened. We will dig deeper into this subject this week as we go out and canvass market participants for both flat rolled and plate products.
