Final Thoughts
Final Thoughts
Written by John Packard
December 30, 2015
I want to take a moment to welcome everyone back to your offices and back to the daily reality that is the steel business. I think everyone is happy that 2015 is behind us and that everyone is looking forward to a new year and new opportunities.
I will keep it brief this evening as not much has happened since we last spoke.
As always your business is truly appreciated by all of us here at Steel Market Update.
Best wishes to everyone for a Happy, Healthy and Prosperous New Year!
John Packard, Publisher
John Packard
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Final Thoughts
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
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SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.