Final Thoughts
July 10, 2019
Final Thoughts
Written by John Packard
I am carefully watching flat rolled and plate lead times, the ongoing negotiations and tone of the discussions between buyers and sellers of steel, as well as industry sentiment and how service centers are handling their spot pricing into their customers. We are seeing some signs of momentum shifting on some products (especially coated), but we have not yet seen enough consistent strength to take us off the Neutral Price Momentum Indicator we have on flat rolled and the Lower Price Momentum Indicator we have on plate. This may change over the next few days and we will advise as soon as the determination is made to adjust our indicator.
I will be in my office until the end of July. If you have any questions about possibly nominating someone for the 2019 SMU NexGen Leadership Award, please feel free to contact me at John@SteelMarketUpdate.com or by phone at 800-432-3475.
