Final Thoughts
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Final Thoughts
Written by John Packard
September 22, 2013
I will be in Chicago on Monday and Tuesday of this week attending the IHS Global Insight forecasting conference. If you would like to meet with me during the conference send me an email: John@SteelMarketUpdate.com and we will arrange a convenient time.
I will be in Chicago on Monday and Tuesday of this week attending the IHS Global Insight forecasting conference. If you would like to meet with me during the conference send me an email: John@SteelMarketUpdate.com and we will arrange a convenient time.
A reminder that the Association of Steel Distributors will hold their Fall 2013 conference in Las Vegas on October 24-26th. You can find out more information about registration on their website: www.SteelDistributors.org.
Our October Steel 101 workshop has been sold out for some time. Our next workshop will be held in Mobile, Alabama and we will tour the SSAB plate/hot rolled mill which is an electric arc furnace (EAF) steel producing facility. We will have the exact dates in early 2014 for you soon.
Our scrap sources are advising us that early forecast for October scrap is down $5 to $10 per gross ton.
As always your business is truly appreciated by all of us here at Steel Market Update.
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John Packard
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Final Thoughts
Some of you have told me that the current market feels about as crazy as early 2021 when demand snapped back after the initial outbreak of the Covid-19 pandemic. Others have said it might be more like late February/early March 2022, when Russia launched a full-scale invasion of Ukraine – and, in the process, caused […]
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Final Thoughts
To say we’ve entered a “Brave New World” since Jan. 20 might be an exaggeration, but we’ve definitely entered a different one.
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Final Thoughts
I think it’s fair to say that the last few weeks – and last week especially – have been among the most intense for any of us covering steel (or aluminum).
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Final Thoughts
A look at how SMU survey respondents are reacting to President Trump's recent actions on tariffs.
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Final Thoughts
A lot of the changes basically entail rolling back what I’ll call, for fun, Section 232 Lite. S232 Lite resulted from watering down what I’ll call OG S232 – the one first imposed in March 2018 - with exemptions and exclusions over the years. Now, OG Section 232, is back with its across-the-board 25% tariffs against everyone.