Steel Products

Final Thoughts

Written by John Packard

I want to extend our apologies for the “test” newsletter which was sent out to our members by our website developers on Saturday. We received a few emails surprised at some of the dated headlines.  Seems like a few people don’t believe “stability” is in the cards for the current market.

I received a number of emails from the financial community asking for me to comment on a well-known analyst pegging the low end of the current market at $575 for large buyers.  SMU has not collected data at the $575 level as of late last week. We have collected data below $600 per ton on hot rolled but not enough to call the market as being in free fall. We will have to wait and see what this week brings…

Our new price assessments come out on Tuesday evening.

As always we thank you for your business as it is truly appreciated.

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