Final Thoughts
January 20, 2020
Final Thoughts
Written by John Packard
As we worked through pricing data this week, it was evident that much of the spot buying has occurred over the past couple of months. In our HARDI steel conference call this morning, those on the call who reported their inventory levels told the group they were either carrying inventories that were higher than normal or balanced. We did not hear anyone say their inventories were low and needed to be replenished.
At the same time, the HARDI members reported demand as being much better than January 2019, and in many cases better than what they anticipated going into the New Year.
