Final Thoughts
Final Thoughts
Written by John Packard
June 2, 2017
Multiple sources are advising SMU that California Steel (CSI) has announced a $30 per ton ($1.50/cwt) increase for production orders during the first two weeks of July. After that they will evaluate pricing and make a further announcement. We will investigate this further over the next couple of days and advise our readers what this means.
According to SMU scrap sources, on Friday of last week Nucor and Steel Dynamics (SDI) cancelled the remaining open ferrous scrap orders they had with dealers for delivery during the month of May. Other mills only cancelled shredded scrap orders. The bottom line being the domestic steel mills are expecting ferrous scrap pricing to drift lower as negotiations get going in earnest for the month of June delivery.
On Monday morning we will begin our early June flat rolled steel market trends analysis. If you receive an invite please click on the button contained in the message and spend a few moments helping us to better understand what is happening in the flat rolled markets.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
Another record-breaking SMU Steel Summit is in the books. Thanks to all of you – attendees, speakers, sponsors, and exhibitors – for making it possible it in what has been an uncertain year for steel.
Final Thoughts: Steel Summit 2025 has launched!
Steel Summit 2025 has just launched, and we're off to an amazing start.
Final Thoughts
The big show is here again. SMU Steel Summit begins on Monday. This year, like last year, more than 1,500 people will be joining us. And I couldn’t be more excited to have everyone here in Atlanta.
Final Thoughts
With SMU Steel Summit starting in just a few days, I decided to go back and do a quick check on where things stand now compared to the week before Summit last year.
Final Thoughts
Is a pattern finally emerging in the post-Liberation Day tariff landscape?