John Packard is the founder of Steel Market Update. He spent more than 30 years selling flat-rolled steel, bringing an insider perspective to his reporting on the steel industry. Steel Market Update produces a popular newsletter and website, along with educational workshops and other programs, as well as hosting a flat-rolled steel conference in North America. Steel Market Update was recently acquired by the CRU Group, a global provider of information and analysis on various commodity markets.
Steel prices in 2018 are up 60 percent from the market cycle’s low point set late last year, and they are likely to move even higher due to events on the trade front.
Flat rolled steel prices have been dropping over the past few weeks and the wholesalers who service the mechanical contractors are concerned as the pace of the price decline quickens.
