Final Thoughts
August 28, 2022
Final Thoughts
Written by John Packard
There have been a couple of attempts to move steel prices higher over the past couple of weeks. At the same time, there have been some very large orders taken well below current levels as published by SMU and our CRU parent. The question is are they repeatable?
During a conversation on the sidelines of the SMU Steel Summit Conference last week, one large service center buyer told me they would be pulling back on their buying because they are aware of the large block purchases made by a competitor that will most likely impact their sales.
