Final Thoughts
August 5, 2021
Final Thoughts
Written by John Packard
When we reported steel prices on Tuesday, we noted that for the first time in a year we saw mixed results with some prices rising, one remaining the same and one dropping. We did not change our Price Momentum Indicator. However, we noted that we were carefully watching the markets to see when we would move from Higher to Neutral or Lower. We are not yet ready to make a definitive move, but we caution our readers to remain vigilant as we anticipate there could be instability in market prices as we approach the peak. (Whether we are at the peak or $100 per ton away from the peak is not something we are forecasting. We leave that up to others.).
Service Center Spot Market Changing?
