Final Thoughts
May 25, 2021
Final Thoughts
Written by John Packard
Steel Market Update spot prices on flat rolled moved higher today and our Price Momentum Indicator continues to point toward higher prices on hot rolled, cold rolled, galvanized, Galvalume and plate steel over the next 30 days.
However, having said that, we spent a good portion of today in conversation with steel buyers around the country as we attempt to better understand some of the keys that ultimately will impact steel prices: 1) steel mills catching up with late orders, 2) steel mills freeing up more spot tonnage, 3) and end customers pushing back against price increases and refusing to buy.
