Final Thoughts
July 15, 2019
Final Thoughts
Written by John Packard
Most of my day today was spent communicating with steel buyers and a few steel mills to see where prices are being offered on the spot market by the mills, and where transactions were occurring. As I went through this process, I also collect comments about whether increases are “sticking’ and if the industry believes the prices that stick will be short lived (dead cat bounce) or will gain some traction.
The opinions are split with just as many buyers thinking prices will decline again in the fourth quarter, while others have reasons to believe otherwise. Here are a few examples:
