Final Thoughts
July 8, 2019
Final Thoughts
Written by John Packard
Welcome back from the Fourth of July Holiday (at least here in the United States). Steel Market Update gave our employees a couple of days off as we prepare for the next big push all the way to Atlanta and the SMU Steel Summit Conference on Aug. 26-28.
A few minutes after I told those on the HARDI steel conference call to watch for a new round of price increases, Nucor laid another $40 per ton on the table. This afternoon ArcelorMittal followed suit to their customers. This means there have been $80 per ton in flat rolled price increase announcements over the past couple of weeks. Plate prices have not been increased and continue to stagnate.
