AK Steel came out with a price announcement – no surprises here. We knew they were positioning themselves to announce. The big question will be with earnings season upon us will the other mills take up the call for increases – or be satisfied with the status quo.
The betting money is on the other mills at least making an attempt at raising prices. Industry sources told SMU today that at least one major mill was putting an end to open quotes and positioning themselves to raise prices in the following days.
Stay tuned to SMU in the coming days.
As always your business is truly appreciated.
John PackardRead more from John Packard
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