Final Thoughts
Final Thoughts
Written by John Packard
January 17, 2014
I will be in my office on Monday, Thursday and Friday of this week. I will be traveling to New York City for the AHR Expo on Tuesday and Wednesday. If you are attending the AHR Expo and would like to seek me out you can do so by email: John@SteelMarketUpdate.com or by phone (or text) at 770-596-6268.
Early indications from discussions held with members of the scrap community are the ferrous scrap prices are slipping and will be down $20 to $40 per ton compared to the beginning of January numbers by early February or the latest early March 2014. We are hearing reports of scrap already being bought down $20-$25 in the Birmingham area and there is scrap coming in from Canada as well as scrap originally destined for export is flooding into the domestic markets.
It is important that sheet buyers be aware of the developments in the scrap markets and watch prices carefully over the next month or longer.
As always we thank you for your business which is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
And just like that, we’re wrapping up the last SMU newsletter of 2024. We’re closing out our 19th year and looking with wide-eyed anticipation to what 2025 will bring.
Final Thoughts
SMU looks back at stories from Decembers past, one, five, 10, and 100 years ago.
Final Thoughts
It's that time of year again. You know, that time when people wonder if those things are drones in New Jersey or if the aliens are ready to come onto the stage just in time for Inauguration Day. What will that do for steel price volatility? In any case, the SMU team finds itself in Pittsburgh this week.
Final Thoughts
The Community Chat last Wednesday with ITR economist Taylor St. Germain is worth listening to if you couldn’t tune in live. You can find the replay and Taylor’s slide deck here. You can also find SMU reporter Stephanie Ritenbaugh’s writeup of the webinar here. Taylor is Alan Beaulieu’s protégé at ITR. Many of you know Alan from his talks at SMU Steel Summit. I found Taylor’s analysis just as insightful as Alan’s.
Final Thoughts
Cracks have formed in what has been presented as the Biden administration’s united front against Nippon Steel’s play for U.S. Steel. A report from the Financial Times said parts of the administration are at odds on the deal.