Final Thoughts
May 27, 2021
Final Thoughts
Written by John Packard
A reminder to our readers – Steel Market Update will not publish a Sunday evening issue due to this weekend being a national holiday here in the United States (Memorial Day). We will publish as normal on Tuesday, June 1.
Inventories are a key component when it comes to understanding the squeeze we have with steel prices right now. As inventories remain unbalanced, we can expect to see flat rolled and plate steel prices continuing to move higher. As inventories grow, the pressures on supply will be reduced, buyers will be able to push back on making future purchases, and the mill order books will also become balanced.
