Final Thoughts

November 5, 2014

Nucor followed up their verbal price increase of $20 per ton last week with specific base prices yesterday (Wednesday, November 5, 2014). In a letter from the Nucor Sheet Mill Group, the mill advised their customers that their minimum base price levels on spot flat rolled are now: $33.00/cwt ($660 per ton) and $39.00/cwt ($780 per ton) on both cold rolled and galvanized steels. These base prices are right in line with those announced by ArcelorMittal last week.

We have a jammed packed issue this evening so I am not going to spend a lot of time in my final thoughts. Our survey was completed this afternoon and we will have our Power Point presentation on our website by sometime tomorrow afternoon (Friday). The results are, as always, interesting.

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I am in the office all day on Friday and I will be traveling on business all week next week.

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John Packard, Publisher