Final Thoughts
December 13, 2019
Final Thoughts
Written by John Packard
New rounds of flat rolled price increases began on Friday with ArcelorMittal USA and NLMK USA taking the lead at $40 per ton. My expectation is the other mills will follow on Monday and Tuesday of this week.
Watch lead times – with some of the mills they are beginning to stretch. Steel Dynamics has been advising some of their customers that their galvanized order book for Columbus is in late February. Earlier in the week, the published SDI lead time sheet showed Butler as having mid-late January hot rolled, but all other products were either “inquire” or “closed” (P&O and painted).
