Final Thoughts

Final Thoughts

Written by John Packard

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

Latest in Final Thoughts

Final thoughts

We’ve all heard a lot about mill “discipline” following a wave of consolidation over the last few years. That discipline is often evident when prices are rising, less so when they are falling. I remember hearing earlier this year that mills weren’t going to let hot-rolled (HR) coil prices fall below $1,000 per short ton (st). Then not below $900/st. Now, some of you tell me that HR prices in the mid/high-$800s are the “1-800 price” – widely available to regular spot buyers. So what comes next, and will mills “hold the line” in the $800s?