Final Thoughts
August 21, 2020
Final Thoughts
Written by John Packard
Last week Steel Market Update adjusted all of the flat rolled price momentum indicators from Neutral to Higher. We made the decision to move hot rolled, cold rolled, galvanized and Galvalume to higher due to prices already beginning to track up from the low levels achieved over the past couple of weeks. We also made the move now as we are starting to capture lead times beginning to move out, and mills tightening negotiation flexibility over the past week to two weeks.
Momentum referenced as being Higher means we believe flat rolled steel prices will rise over the next 30 days.
