Final Thoughts
Final Thoughts
Written by John Packard
March 31, 2014
From time to time Steel Market Update uses words or phrases within articles which sometimes will set off your SPAM filters. You may notice that I never use the “M” word. The word used to describe a home loan. It is one of the words that SPAM filters love to hate. Another word is survey – I try to use “market analysis” as much as possible in order to limit the words SPAM filters do not like. If you do not receive your newsletter in your inbox please let us know – but, at the same time also realize you have total access to each and every newsletter 24 hours a day. All you have to do is log into the website. They are all there – including the ones we are working on and may not have finished yet.
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Scrap – we are still hearing that market prices are rising. According to our sources, even with the situation at USS Great Lakes, scrap is very tight, export demand is improving and early trades are up $20-$25 per gross ton. We will have more about the scrap markets in Thursday’s issue of SMU. With the ISRI conference next week the deals should all get done by the end of the week.
Steel 101 in Dearborn, Michigan in May is almost completely sold out. We have three (3) spots left before we must close the class due to restrictions on the number of people who will be allowed to tour the Severstal Dearborn steel facility. If you want to attend – now is the time to register. You are also welcome to contact our offices at: 800-432-3475.
Premium Level members received our Key Market Indicators in a special supplemental issue yesterday. Later this week we will have CPIP (construction put in place) for Premium members as well. If you would like to learn more about Premium Level membership feel free to contact us or check out our website.
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As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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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.
Final Thoughts
Another presidential election cycle has come to an end. If you’re anything like me, part of you is just happy you no longer need to unsubscribe or “text STOP to opt-out” from the onslaught of political text messages this cycle produced.
Final Thoughts
With the US presidential election decided, ‘wait and see’ has quickly turned into ‘we’re about to find out.’ Following Donald Trump’s victory, I had a chance to sit down with Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI). He gave his thoughts on what he thought we might see in Trump’s second term in office, and what it means for steel.