It’s amazing the difference a few months can make. In July, steel prices were rising daily and manufacturers like Posi Lock Pullers Inc. in Cooperstown, ND, couldn’t get a supplier to contract a price. As Dean Somerville, president of Posi Lock, told me then: They won’t even invoice our order until we have a truck there to pick it up.”(Read Pressures in the Steel Market.)
Now, the tables have turned. The rate at which prices are dropping has some steelmakers worrying they may drop below the break-even point of $650 per metric ton, as reported in the Wall Street Journal earlier this month. In fact, many …
The Difference a Few Months Can Make in the Steel Market
It’s amazing the difference a few months can make. In July, steel prices were rising daily and manufacturers like Posi Lock Pullers Inc. in Cooperstown, ND, couldn’t get a supplier to contract a price. As Dean Somerville, president of Posi Lock, told me then: They won’t even invoice our order until we have a truck there to pick it up.”(Read Pressures in the Steel Market.)
Now, the tables have turned. The rate at which prices are dropping has some steelmakers worrying they may drop below the break-even point of $650 per metric ton, as reported in the Wall Street Journal earlier this month. In fact, many …
Share this article
- Filed In: Economic Trends, Free, Research & Analytics, Subscriber Only
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
