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    Analysis

    May 20, 2019

    Final Thoughts

    Written by John Packard

    I am in Atlanta speaking at a supplier conference for an OEM both today and again on Thursday. As expected, the questions were about Mexico and Canada and where prices go from here. There were also questions about our index versus the CRU index (different methodologies). I am looking forward to revising and doing it even better on Thursday. Of course, by then the whole market could be in a different place.

    Over the weekend, and again during the first two days of this week, I have been in contact with buyers and sellers of flat rolled and plate. This includes trading companies since they will be very much involved in translating what offers are made into the U.S. market – especially from Turkey. The early consensus amongst traders and customers who have done business with Turkey in the past is they will not be price competitive with the 25 percent tariff still in place. Any orders Turkey takes will most likely come at the cost of other traders as opposed to the domestic steel mills.

    John Packard

    Read more from John Packard

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