Final Thoughts
Final Thoughts
Written by John Packard
July 8, 2016
Many of those associated with the steel mills believe this week will be the one where buyers come back to the market after having taken a couple of weeks off for holiday. We will see if the buyers return or if the erosion of scrap prices (at least obsolete grades) will be enough to start a buyers strike.
Lead times are a little shorter than they were but are still longer than what we saw one year ago.
This week is also suppose to be one where there will be a number of foreign offers made available.
What will buyers do?
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