Final Thoughts
Final Thoughts
Written by John Packard
September 2, 2013
When is Sunday really Monday and Tuesday suppose to be Wednesday…? One of the changes SMU is making is to date our newsletters on the day they are actually produced and sent. So, you will note that tonight’s newsletter is dated, Tuesday, September 3rd as opposed to Wednesday, September 4th.
SMU will produce three Executive Newsletters per week – on Sunday evening, Tuesday evening and Thursday evening with the exception of holidays and the week between Christmas and New Years.
We are conducting our early September steel market analysis this week. Invitations were sent out at 7:30 AM on Tuesday morning and reminders will go out at 8:00 AM ET tomorrow (Wednesday). Please take a moment to find your invite, click on the link and fill out our questionnaire.
What to watch this week: scrap prices for the month of June, SMU Steel Buyers Sentiment Index, lead times and mill negotiations.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
Final Thoughts
One of the perhaps unintentional perks of being a trade journalist is the opportunity to travel and cover an array of industry conferences and events. Some I've attended have been at fun locations, like Palm Springs and Tampa, Fla. Others have been in more practical locations, like SMU’s Steel Summit in Atlanta and American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA) meetings in Washington, D.C.
Final Thoughts
t this point in the game I think what we can say about Nippon Steel’s proposed buy of Pittsburgh-based U.S. Steel is that it will go through, it won’t go through, or the outcome will be something new and completely unexpected. Then again, I’m probably still missing a few options.
Final Thoughts
President-elect Donald Trump continues to send shockwaves through the political establishment (again). And steel markets and ferrous scrap markets continue to be, well, anything but shocking. As the French writer Jean-Baptiste Alphonse Karr wrote in 1849, "The more things change, the more they stay the same." (I thought the quote might have been Yankees catcher Yogi Berra in 1949. Google taught me something new today.)
Final Thoughts
President-elect Donald Trump will officially retake the White House on Jan. 20. I’ve been getting questions about how his administration’s policies might reshape the steel industry and domestic manufacturing. I covered the tumult and norm busting of Trump's first term: Section 232, Section 301, USMCA - and that's just on the trade policy side of things. It's safe to say that we'll have no shortage of news in 2025 when it comes to trade and tariffs.