Final Thoughts
June 7, 2019
Final Thoughts
Written by John Packard
This coming week will be a full week when I will be in my office. I am ecstatic. As with most weeks, this coming one will be spent trying to figure out what will cause this market to turn around. On Tuesday, I will publish our analysis of service center spot pricing to their end customers based on last week’s flat rolled and plate steel market trends survey. Have we reached the point of capitulation? If so, how much longer can service centers continue to drop prices and dump inventory? For that matter, how much longer (and lower) can the domestic mills go before they have no choice but to try to change momentum and move prices higher (or at least stabilize them)?
One of the other items I am working on this week is finishing negotiations to select our next Steel 101 workshop, which I anticipate will be held during the later part of September.
