Final Thoughts
September 24, 2018
Final Thoughts
Written by John Packard
The number of flat rolled and plate spot transactions has dwindled over the past couple of weeks. End users are squeamish about ordering any steel other than what is needed for the work on the floor. Steel buyers are reporting a weakening of the top end of the range but firming at the lower ends. Plate prices continue to be solid due to controlled order entry (tight order books).
One of the service centers with whom I spoke earlier today told me that a month ago prices were slipping, then there was a week when things dropped a little more than expected. Over the past two weeks, things have firmed and the slipping seems to have subsided.
