Prices
June 11, 2019
SMU Price Ranges & Indices: Did the Bottom Just Drop Out?
Written by Brett Linton
Last week I spoke with Mark Millett, CEO of SDI, and he said to me, “Crazy market, isn’t it?” That is proving to be an understatement. Our price indices took major hits this week as we saw prices drop across the board. We heard the drop was blamed on scrap, on short lead times, on reductions in demand and negative sentiment. The bottom line is prices are significantly lower than what we published last week.
Here is how we see prices this week:
