Final Thoughts
February 4, 2019
Final Thoughts
Written by John Packard
One constant I am hearing during my phone and email conversations is that January was a good month for shipments and February has started out strong. The construction community is pleasantly surprised, and I really have not heard anyone say business is bad in any market segment.
One of the mills pointed out that much of the foreign steel that came in during the months of December and January is “out of the money” (too expensive versus current domestic pricing). We also learned global pricing is moving (up). The Vale situation is impacting iron ore spot prices (up).
