Final Thoughts
Final Thoughts
Written by John Packard
July 10, 2015
Something different from Steel Market Update this week. I would like for you to forward our newsletters to your friends, customers, suppliers or anyone who might have an interest in the steel industry.
We continue to offer an incentive to companies that recommend our newsletter to others. As long as the new customer provides us the name of the company who recommended them, we will provide a $100 credit to the company making the recommendation. This credit can be used at any time during a 12 month period on any SMU product: workshops, conferences or on newsletter upgrades or renewal.
Wednesday of this week will be the last day to register for the 5th Steel Summit Conference at early bird rates. Between now and the end of the day on the 15th our rate is $1000 per person prior to any SMU customer discount (another $100). On Thursday the rate will increase to full price which is $1200 per per and the SMU customer discount will continue up until the day of the conference.
This coming week will be the week to determine if the other mills are going to move pricing in lock-step with US Steel. Last week USS announced a $40 per ton base price increase on spot orders. Their target price has been reported to be $500 per ton on hot rolled coil. We will see if the other mills think now is a good time (and market) to raise prices.
If you have any questions I can be reached by email 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.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
President Trump’s tariff policies have a lot more in common with a roundabout than you’d think.
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
Final Thoughts
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
Final Thoughts
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day. There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to "getting better" and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
Final Thoughts
What's going to be the next big thing in steel?