Keep in mind it's just an opinion not a fact that this is the top end of the market for the next 3-6 months. He may be saying that because he has no material and has orders to fill in the next two weeks. It might go down it might go sideways it might go up. It's anyone's guess at the moment. I think we all can agree up or down its not gonna be much maybe 10-20 bucks in either direction. 20 bucks is almost 20 percent up or down for the avg street customer with the current prices. The cold weather and low to non existent flows into yards are going to be next months real factors. Hard to get obsolete material when it's this cold out.
Bookmarks