Final Thoughts
Final Thoughts
Written by John Packard
January 30, 2014
Severstal is celebrating 10 years of ownership of the former Rouge Steel plant in Dearborn, Michigan. The company purchased Rouge Steel for $290 million in 2004 and saved the mill from going out of business. Severstal has invested more than $1.7 billion and dramatically altered the face and the future of the mill. Steel Market Update wishes all of our friends at Severstal continued growth and prosperity.
By coincidence our next Steel 101: Introduction to Steelmaking & Market Fundamentals workshop will be held in Dearborn, Michigan at The Henry (hotel) and will include a tour of the Severstal Dearborn fully integrated steel mill. Our last tour of the Dearborn mill was outstanding and the highlight for everyone – including our instructors who have been through many mills over the years. Class size is limited and we already have begun taking registrations. The dates will be May 6th and 7th, 2014. There is much more information available on our website including how to register.
I was asked today if there is any room left in our Mobile, AL Steel 101 class – the answer is yes, we usually plan on picking up a couple of late comers. So, if you are in the decision making mode please contact Diana in our office at 800-432-3475 and she can assist in getting you registered for the workshop.
We did send out a Premium Supplement Newsletter yesterday for our Premium Level members. If you have been considering upgrading to Premium and would like to see yesterday’s Premium Supplement please send an email either to Ryan@SteelMarketUpdate.com or JohnTemples@SteelMarketUpdate.com.
Enjoy Super Bowl Sunday.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
The US steel market has whipsawed upward on the prospect of expanded Section 232 tariffs of 25% being applied to imported steel - including downstream goods - on March 12. It seems pretty clear that domestic steel mills have the ear of the Trump administration when it comes to Section 232. The result? The much-anticipated Trump bump has finally arrived - and then some.
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 […]
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.
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).
Final Thoughts
A look at how SMU survey respondents are reacting to President Trump's recent actions on tariffs.