Final Thoughts
February 22, 2021
Final Thoughts
Written by John Packard
“Snowmageddon” did not help.
Steel buyers are telling Steel Market Update that last week’s “Snowmageddon,” as one buyer called it, has caused steel orders into the South and South Central sections of the United States to be pushed out an additional one to two weeks. “We’re seeing some adjustments arising out of last week’s weather with about a two-week push-out of orders,” one service center general manager said. “They had been slated as requested prior, so this would be [a] new delay. To the extent that there may have been some momentum building for the market to become less short, this weather delay may have added a couple of weeks to the process.”
