Final Thoughts
Final Thoughts
Written by John Packard
June 30, 2014
A reminder right up front that Steel Market Update will not publish on Thursday and Sunday evenings due to the 4th of July holiday here in the United States. We will return to our regular schedule beginning on Tuesday of next week. If, by chance, there is some breaking news which needs to be covered we will publish a limited newsletter to cover that topic. We will also post blog posts on our website to assist in keeping our members abreast of what is going on in the steel world.
Our office will remain open on Wednesday and Thursday of this week but we will be closed for the 4th of July on Friday. So, if you want to renew, add more people to your account, become a new member, register for our Steel Summit Conference or our next Steel 101 workshop – we are here to assist you: 800-432-3475 or info@SteelMarketUpdate.com
I also want to remind everyone that I host a LinkedIn group conveniently called: Steel Market Update. If you belong to LinkedIn and would like to join go to the search function on the LinkedIn page and type in Steel Market Update and one of the options that should pop up is our group. Click on it and request to join.
The ferrous scrap market is still shaking itself out with only limited sales concluded. Our understanding is the domestic mills did not cancel their remaining June tonnage which is a signal that the mills do not expect prices to drop. We continue to hear from our sources that prices will be modestly higher in July and depending on the region and product prices should move sideways to up by as much as $20 per gross ton. We think the average will be in the $10-$15 range but, negotiations continue.
I want to wish everyone a safe holiday weekend with your family and friends.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Founder and Publisher
Have you invited your friends to meet you in Atlanta on September 3 & 4?
John Packard
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