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    Final Thoughts

    Final Thoughts

    Written by Michael Cowden


    When the books are written on a historic year for steel prices, we will probably look back at August and September as the months when things started falling apart.

    Why? Because that’s when the extraordinay gaps – between U.S. steel prices and those abroad, between steel prices and scrap prices, and between market senitment and reality (as measured by lead times) – started closing.

    Michael Cowden

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