Final Thoughts
Final Thoughts
Written by John Packard
July 1, 2015
I want to wish everyone in the United States a happy and safe 4th of July holiday weekend.
This evening’s edition of Steel Market Update is what I consider “lite” due to the limited number of articles as I am trying to give the SMU team some time off to enjoy the long weekend.
Steel Market Update’s offices will not be manned tomorrow (Friday, July 3rd) but Diana and I will be monitoring our voice mail and emails and returning calls as needed. If you have a question or an issue do not hesitate to contact our office (800-432-3475) and we will do our best to handle your issue.
Our website operates 24 hours a day no matter what holiday is upon us. Our early bird registration for our 5th Steel Summit Conference will end on July 15th. You can register online or through our office. You are also welcome to send us an email requesting an invoice and we will honor the early bird pricing. Send your emails to: info@SteelMarketUpdate.com
Thank you again for your business as it is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
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.
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.
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 […]
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.
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).