Final Thoughts
November 23, 2020
Final Thoughts
Written by John Packard
“Market’s great if you have supply.”
I was speaking with a service center this afternoon who told me on Monday of this week they were selling spot hot rolled out of inventory at $840 per ton. Then Nucor raised their spot HRC number for February to $840 per ton. Today, all items through this service center are inquire only and pricing will be subject to how much inventory they have, and how badly they need it (plus I assume they will take into consideration replacement costs and how quickly they can get material).
