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    Analysis

    November 18, 2015

    Final Thoughts

    Written by John Packard

    A note to our Premium level members, we will have another supplemental issue out tomorrow which will contain our Apparent Excess/Deficit forecast for carbon flat rolled service centers in the United States. We also expect to have our Power Point presentation regarding this week’s flat rolled steel analysis (survey) online by early afternoon. We will most likely provide some insights into the Power Point in tomorrow’s supplemental issue.

    I am being asked by almost every person I speak with on a daily basis if I believe we are at the bottom. Price wise, with hot rolled being offered to medium and smaller sized buyers at $19.00/cwt ($380 per ton) we are at the levels last seen during the height of the Great Recession. In the last issue of SMU I laid out some of the green shoots. Today I will mention some of my concerns:

    John Packard

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