INDEX

Pretty flat week with HR and CR each dropping $1/ton, or just a nickel a hundred weight….Galv dropped a little more, , going down $8/ton…

Has the steam dropped off on the 232 investigation?  Who knows?   But  after four weeks of increases in HR pricing, it went the other way this week…

During  the latest little  run up on HR pricing, index went up @ $15/ton, $13/ton, $4/ton,  $4/ton, and  now -$1/ton….that trend suggests topping out….we’ll see….

CAPACITY:

Mill  lead times are out there a little bit, so good to see they produced their highest tonnage week since March….Came  in at 76% this  week…

 

….Upcoming Section 232 announcement have all of us waiting in anticipation. Perhaps he will break the news at next Tuesday’s visit to Youngstown? Nucor followed west coast producer CSI in announcing a price increase this week. Will the others follow?

Stay tuned, it’s about to get very interesting!