Final Thoughts
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Final Thoughts
Written by John Packard
February 6, 2015
Just a quick note to let everyone know I will be in Tampa later this week for the Port of Tampa Steel Conference. I will be reporting on what I learned in Thursday evening’s edition of Steel Market Update.
I want to take a moment to welcome our newest members and to remind them that we are open to comments, questions and suggestions. A number of our articles each week come from suggestions from our readers. We also react to comments such as one reader who was interested in a particular graph that we had shared in an article. So, we put the data on our website in an interactive graph for all of our clients to enjoy. I can be reached at: John@SteelMarketUpdate.com or by phone at: 800-432-3475.
As always your business is truly appreciated by all of us here at Steel Market Update – please go tell your friends about us…
John Packard, Publisher
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John Packard
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Final Thoughts
As February comes to a close this week, the scrap markets are poised for another – and perhaps more extreme – move upward in March. March is usually a month when scrap prices relent as winter’s impediments subside. That’s not the case this year. And this time, the driver of prices will be increased demand from mills along with restricted flows over the last two months.
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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.
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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 […]
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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.
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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).