Final Thoughts
October 17, 2018
Final Thoughts
Written by John Packard
I had an interesting conversation with James (Jim) Banker, Jr., who is the Executive Vice President of NLMK USA late this afternoon. We discussed a couple of topics. One I described in an earlier article about their Allegheny Technologies Inc. slab tolling arrangement announced this morning. The second topic was about why NLMK USA has not followed Nucor and most of the other domestic steel mills in their drive to increase flat rolled prices by $40 per ton.
“We are in a different market,” is what Banker told me. “I’m going to support my customers and not allow the tonnage to go to AHMSA, Tata or some other foreign mill.”
