Final Thoughts
Final Thoughts
Written by John Packard
February 10, 2016
Sources are telling SMU that the Nucor Decatur EAF’s will be offline for 10 days in early March as the mill replaces one of the furnaces. This is added on top of the idling of the Granite City (USS) and Ashland (AK Steel) hot ends plus the closure of the USS Fairfield hot end.
Note that SMU incorrectly named AISI (American Iron and Steel Institute) as the originator of the email in the article “Senate Vote to on Customs Bill Thursday,” it has been corrected to American Institute for International Steel (AIIS).
Note that our sources are telling us the hot rolled antidumping preliminary duty announcement has been moved out a week. The AD announcement should be out around the 15th of March.
Our sources are telling us CSN (Brazil) is sold out for production/shipment for export to the U.S. through June. They are pulling back on taking new orders waiting to see what happens next with both trade cases and domestic prices.
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John Packard
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Final Thoughts
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Final Thoughts
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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
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