Final Thoughts
August 12, 2019
Final Thoughts
Written by John Packard
I sold steel for 31 years. The last 10, I represented a domestic steel mill and a couple of trading companies. One thing I learned, the steel buyers determine the market, not steel mills.
We had been hearing rumors of the move U.S. Steel made today regarding moving toward no-index contracts for their 2020 order book. I am not going to provide an opinion since my parent company’s index is the most commonly used for contracts. I will say the timing of our 2019 SMU Steel Summit Conference couldn’t be better….
