Final Thoughts
October 8, 2018
Final Thoughts
Written by John Packard
I have chosen not to include the sub-$40 hot rolled being sold by JSW Ohio (former Mingo Junction/Acero Junction). The mill is using slabs and is having a difficult time getting the slabs from the port to their facility. This has led to some on-time issues. They have only sold about 20,000 tons, which is not a large amount of steel, and the market prices should not be reflective of their attempt to continue to supply some material to the market until their EAF comes online. Our understanding is the EAF should run some trials in early to mid-November. However, some of you are interested in what they are doing, and we have found their pricing to be in the high $30’s.
Steel Market Update will visit the JSW Ohio mill once their EAF is through the experimental stage, hopefully by early December.
