Economy
Final Thoughts
Written by John Packard
December 10, 2014
I was advis ed today that Nucor had reduced their pricing on beams by $40 per ton in order to compete with foreign beam offers. The question then became what are the mills doing to blunt the impact of foreign steel offers of flat rolled products into the United States? As we reported on Tuesday, US Steel is attempting to stem the price erosion which has occurred since the beginning of November. Meanwhile, buyers seem to be back to sitting on their hands waiting to see what happens next. Lead times are relatively short and inventories appear to be higher than they have been in awhile.
A note to those planning on attending our Steel 101 workshop in South Carolina in January. The room rate guarantee of $91 per room (includes resort fee) will expire on December 20th. We still have plenty of room to take more reservations. If you have any questions please contact our office: 800-432-3475 or by email: info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Economy
Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.
New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them