Final Thoughts

I will be in my office on Monday and Tuesday of this week before traveling to Maine to speak to the Chain Link Fence Manufacturers Institute on Thursday.  I have a very busy schedule over the next couple of months leading up to our 8th SMU Steel Summit Conference on Aug. 27-29. I hope I will see many of our readers at the conference this year. Should be a great networking and forecasting event.

I have noticed the word “disconnect” being used quite often regarding a wide variety of topics concerning the steel and scrap industries. Over the weekend it was used to describe the relationship between scrap and steel pricing. With prime grades of scrap going for the low $400’s and hot rolled coil around $900, there is an obvious disconnect. There is also a disconnect between what is happening with steel prices in the rest of the world and what is happening here.