Final Thoughts
Final Thoughts
Written by John Packard
October 16, 2013
Steel Market Update saw a letter from Majestic Steel to their customers publically announcing a price increase. Majestic, which is well known as a supplier of coated products to the HVAC and construction industries, told their customers that the price increase is due to cold rolled base prices reaching as high as $39.50/cwt and $40.50/cwt on hot-dipped galvanized. The exact amounts of the increases were not published as they varied depending on industry, item, location and previously quoted pricing levels.
We encourage those who have received an invitation to participate in our steel market questionnaire to click on the link provided in your invitation (or reminder email). All responses are kept confidential and are combined with the other 100+ respondents that we get to all of our surveys.
Our articles on the on-going contract negotiations have struck a nerve with many readers. Over the past couple of days I have had conversations with a few large manufacturing companies who view the past and the present through a different lens than I have with my mill, service center and trading company background. I will spend more time on the subject but I would like to pose the question which was presented to me by a couple end users: What is a fair and/or reasonable price difference between a Tier 1 buyer and that of their smaller competitors? For that matter what makes a company a Tier 1 buyer vs. being Tier 2 or 3? Please send your comments to: John@SteelMarketUpdate.com
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
Who could’ve guessed that the first stage to follow liberation would be confusion. Well, when things get this liberated this fast, perhaps it’s to be expected. From the 30,000-foot view, “Liberation Day” didn’t have a significant impact on steel tariff-wise. That is, the Section 232 steel and aluminum tariffs stand alone from the reciprocal tariffs […]
Final Thoughts
The market breathlessly awaits the arrival of President Trump's "Liberation Day."
Final Thoughts
I’m not sure what I can write today that won’t be old news after April 2. The Trump administration has dubbed Wednesday “Liberation Day.” Since it’s mostly about tariffs, let’s just call it “Tariff Day.” Or maybe we should call it “Tariff Week” – since tariffs typically dominate the news cycle in the first week […]
Final Thoughts
A personal perspective on Galvalume prices from SMU analyst Brett Linton.
Final Thoughts
After a March frenzy, are prices nearing a peak in April? Some of you have suggested that they are. Others think it's too early to make any such call.