Final Thoughts
Final Thoughts
Written by John Packard
September 5, 2014
On Tuesday we will do a complete review of the new zinc coating extras. The last report we provided mistakenly identified the Dofasco extras as those of ArcelorMittal USA. There is a difference in their extras due to the value of the Canadian currency against the U.S. dollar. We already have information on our website regarding the changes in extras and we will continue to add information as we now have time to devote to the topic.
We have six to eight places left for our Steel 101: Introduction to Steelmaking & Market Fundamentals workshop which will be conducted in Fort Wayne, Indiana on October 7 & 8, 2014. This workshop will include a tour of the Steel Dynamics Butler, IN, EAF flat rolled mill. You can learn more about the program, our instructors and cost and registration on our website. If you have any questions please do not hesitate to contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Thank you again to everyone who attended our Steel Summit Conference, to our speakers who did a stellar job and to our sponsors who helped us keep the price at a reasonable level. Next year the conference is scheduled for September 1 & 2 – mark your calendars.
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
We joked in our last Final Thoughts that Wiley trade attorney Tim Brightbill – one of the nation’s leading experts on trade law and policy – would probably be revising his presentation on Trump, trade policy, and tariffs for the Tampa Steel Conference. He did. And even after those last-minute revisions, he actually got trumped […]
Final Thoughts
The whole SMU team is packing up our laptops and our SMU polos/cardigans, loading up the PowerPoint slides, and preparing to make the trek down to Florida for the Tampa Steel Conference. There will be plenty to talk about!
Final Thoughts
From one group of folks, I’ve heard that Trump might not wait until Feb. 1 – the date he threatened on to place tariffs on China, Canada, and Mexico. They say he could act as soon as Friday. And then there are those who don’t think anything will happen before April 1. That’s the deadline for Commerce, Treasury, and USTR to submit key reports on “America First Trade Policy” to President Trump.
Final Thoughts
Trump made a clarification in a speech on Monday. Previously, he had declared the word “tariff” the most beautiful word in the dictionary. No longer.
Final Thoughts
President Donald Trump on Sunday hammered Colombia with 25% tariffs and threatened to increase them to 50%. Trump in a post on Truth Social said he took the action not because of a trade dispute but because the South American nation had refused to accept planes carrying deported immigrants. The president also cited "national security" concerns, just as he did to justify 25% Section 232 tariffs on steel in his first term. Even the 50% threat echoes his first term. Turkish steel, like that of most nations, was assessed a 25% tariff in March 2018. Trump doubled Turkey's tariff to 50% via a tweet in August of that year over a matter unrelated to steel.