Final Thoughts
February 17, 2021
Final Thoughts
Written by John Packard
Good news for NLMK USA customers as the mill has worked out a tentative agreement with the union at their Farrell, Pa., facility, which will end the strike that goes back to late August. Once back in production, this will help (slightly) with some of the supply issues we have been seeing in the market. However, I would not anticipate any reduction in prices as this new capacity comes back online.
We understand Nucor, California Steel Industries, ArcelorMittal Calvert and other mills are out there quoting HRC prices at or exceeding $1,200 per ton. Upward momentum continues as the steel mills eye taking prices even higher.
