Final Thoughts

I received a number of notes from metals & mining analysts disagreeing with my “opinion” that we won’t see dumping suits filed on light flat rolled over the near term. One analyst pointed out that the mills have worked on past filings for years before actually submitting the suit. My horizon does not look that far out. I was also asked if there was ever a time when dumping suits were threatened but not filed. Since I happen to have been with three highly experienced steel people over the past few days as we conducted our Steel 101 workshop, I asked them that question. They recalled threats being made in the 1980’s that were not followed through on. If anyone out there has information about past threats that did not become actual suits – please let me know. Send your comments or to relate your stories send them to: John@SteelMarketUpdate.com

The currency issue is a big deal for the steel industry and one that steel buyers need to be aware. We do a monthly analysis of the steel producing / exporting countries currency values against the U.S. dollar on a monthly basis for our Premium level (and free trial) members. I believe the last one was published within the past week or so. If you are not a Premium member you may want to keep an eye on the Wall Street Journal on the subject.

I just realized that I will be in Las Vegas for the Association of Steel Distributors Fall Meeting which will be held over Halloween… Anyone have any good ideas for a costume for yours truly?

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