Final Thoughts
July 25, 2018
Final Thoughts
Written by John Packard
I understand from steel buyers there are some mills looking for business – especially on galvanized. There has been some very minor slippage ($10/ton) with some mills’ base pricing. Not enough to drive numbers lower than what we published on Tuesday.
There are some service centers getting aggressive with coated steel spot pricing to their customers. One wholesaler reported to me earlier this week that mechanical contractors looking for multiple truckloads are finding at least one very hungry service center. At the same time, that same buyer told me their business was great in June, good in July and they expect to “true-up” in August.
