FGM’S ECONOMIST DANIEL DODERER FEATURED IN SMU

“One thing we know for certain, however, is that when we write our next column, things will have certainly shaken loose.” – Daniel Doderer, April 4, 2024

Above is a good reminder that whenever someone is “certain” of anything, you should probably look at that line of thinking with a healthy dose of skepticism. So, what has transpired since our last column? To put it plainly, things have not “shaken loose,” and that is likely in large part due to the uncertainty around how the Nucor weekly price will impact near-term spot buying going forward. At this point it is far too early to have any certainty, but Monday will be an interesting stress test.