Final Thoughts
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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.
I want to take a moment to welcome our newest members. We have added a number of new Premium members recently which we appreciate. As with any membership we welcome questions, comments and suggestions on how we can get better (or for subjects we need to cover). A good portion of our leads and article ideas come from our readers. You can reach us at info@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
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John Packard
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Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
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Final thoughts
Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)
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Final thoughts
I want to say a huge ‘thank you’ from all of us at SMU to all of you (more than 1,500!) who attended Steel Summit this year. We appreciate you taking time out of busy schedules to join us – whether that was up on stage, submitting thoughtful questions, or catching up over a drink and bite to eat. Also, a bit shoutout to everyone at SMU and at CRU who made this event possible. It’s no understatement to say that we have a fantastic team.
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Final thoughts
Day one and two of SMU's Steel Summit 2024 are officially in the books. We covered a lot of ground, and the agenda sure did deliver.
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Final thoughts
The big show is just about here. SMU Steel Summit will be getting underway on Monday. Where does the networking begin? I’d say at the airport. So don’t forget your business cards. And it can't hurt to wear a company golf shirt.