Final Thoughts
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Final Thoughts
Written by John Packard
July 15, 2015
So, just when you think everything is going along very smoothly somebody or something throws you a curve. In business you should be used used to it, you should expect them. we had one thrown at us on Tuesday and Wednesday when an upgrade we were making to our software unexpectedly impacted our Steel Summit registration system. Nice timing. Just as our early bird discount was about to expire customers weren’t able to register.
To make up for the blip in the system (which has been corrected) we have extended our early bird registration period until the end of business on Tuesday, July 21st.
A note about the ITC commissioners vote – when speaking with attorney Lewis Leibowitz this evening (he is quoted in the ITC article in tonight’s issue) – he mentioned that critical circumstances does not appear to be on the table. Trading companies should confer with their attorneys.
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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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).