Analysis

November 7, 2013
Final Thoughts
Written by John Packard
Content to go here…
Analysis

November 7, 2013
Written by John Packard
Content to go here…
Metalforming manufacturers were mixed in their outlook, anticipating business conditions could either worsen or, at best, hold in the near-term, according to PMA's November report.
Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.
The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.
The price hike parade that got underway in earnest in November looks set to continue in December. And it's been joined by, well, just about everybody.
All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.