Final Thoughts
Final Thoughts
Written by John Packard
May 18, 2015
Good evening from Merrillville, Indiana, home of our Steel 101 workshop which started earlier today and continues tomorrow. We toured the NLMK USA Portage, Indiana steel mill this afternoon in absolutely perfect conditions. Its cool here (high 50’s) and cloudy today (we are close to Lake Michigan) after arriving to high 70’s and sunny skies. There is nothing like spring in Northern Indiana (and Chicago land).
We had an “electric” tour of the NLMK this afternoon. Everything was running (which can be a hit-and-miss proposition when visiting steel mills sometimes) and we could see their order book was improving from what it was a month or two earlier this year.
Once again we have a strong group of attendees coming from across the country to participate in our program. We have people from Seattle, Washington; Mobile, Alabama; Cincinnati, Ohio; the Chicago area; Houston and Dallas, Texas; Tulsa, Oklahoma and Dearborn, Michigan and even one from Canada. Manufacturing companies, service centers, fabricators, steel mills (3) and even a hedge fund. We look for diversity in our attendees as it helps when discussing the steel business from different points of view.
We have people who have been involved in the steel industry for many years and I know that one of the attendees has been on the job for a full three weeks…
Our next Steel 101 workshop will be in the Davenport, Iowa on October 6 & 7, 2015 and will include a tour of the EAF producing mill: SSAB. Details and registration will be on our website in the coming days. If you have any questions please give our office a call: 800-432-3475.
Prior to our next Steel 101 my staff and I will have our hands full getting ready for our 5th Steel Summit Conference. We added another exceptional speaker today (announcement to come soon) who will provide us a view of the world from one of the largest trading/commodity companies on the planet earth.
We have introduced a few of our speakers already – Dan DiMicco, Dr. Chris Kuehl, Kevin Dempsey, Dr. Sean McAlinden and we are just beginning to get all you acquainted with the cream of the crop that we have assembled for what promises to be a great two day industry event. Come join us in Atlanta in early September (1st and 2nd) as we dissect current events (strike or no strike?) and forecast what we will be talking about in 2016. Registration is open and early bird discounts are available for the proactive (SMU member discounts are there as well).
Sponsorships and booths are also available for those who want to help us succeed (and help themselves and their brand in the process).
If you have any questions please feel free to contact us in our office: 800-432-3475. We are there to serve.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
Final Thoughts
One of the perhaps unintentional perks of being a trade journalist is the opportunity to travel and cover an array of industry conferences and events. Some I've attended have been at fun locations, like Palm Springs and Tampa, Fla. Others have been in more practical locations, like SMU’s Steel Summit in Atlanta and American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA) meetings in Washington, D.C.
Final Thoughts
t this point in the game I think what we can say about Nippon Steel’s proposed buy of Pittsburgh-based U.S. Steel is that it will go through, it won’t go through, or the outcome will be something new and completely unexpected. Then again, I’m probably still missing a few options.
Final Thoughts
President-elect Donald Trump continues to send shockwaves through the political establishment (again). And steel markets and ferrous scrap markets continue to be, well, anything but shocking. As the French writer Jean-Baptiste Alphonse Karr wrote in 1849, "The more things change, the more they stay the same." (I thought the quote might have been Yankees catcher Yogi Berra in 1949. Google taught me something new today.)
Final Thoughts
President-elect Donald Trump will officially retake the White House on Jan. 20. I’ve been getting questions about how his administration’s policies might reshape the steel industry and domestic manufacturing. I covered the tumult and norm busting of Trump's first term: Section 232, Section 301, USMCA - and that's just on the trade policy side of things. It's safe to say that we'll have no shortage of news in 2025 when it comes to trade and tariffs.