Final Thoughts
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Final Thoughts
Written by John Packard
April 29, 2015
For those asking about Steel 101, we will close registration to our Chicago (Merrillville, Indiana) workshop at the end of this coming week. Details on the workshop can be found on our website or you are welcome to contact us: info@SteelMarketUpdate.com.
With some luck we will hopefully have registration up and running for our 5th Steel Summit Conference on our website sometime on Friday (tomorrow). We are going to have a great program and I want to invite all of you (and your friends) to join us in Atlanta on September 1 & 2 (actually you need to come in the night before and join us at the hotel bar for some networking).
Keeping it short this evening…
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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John Packard
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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).