Final Thoughts
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Final Thoughts
Written by John Packard
February 12, 2016
I was very disappointed to hear the news that Carrier Corporation has decided to move their manufacturing and distribution operations in Indianapolis, Indiana to Monterrey, Mexico. As I heard the news I thought about the 2016 AHR Expo show (co-sponsored by ASHRAE and the AHRI) that I attended at the end of January. That show is billed as the “World’s largest HVACR Marketplace” but Carrier did not bother to exhibit.
Carrier was at one time during my active steel sales career one of my largest accounts. I feel sad for the 1,400 workers and their families in Indiana that will lose their jobs as Carrier focuses their business to other areas of the world. I also saw Donald Trump’s comments about Carrier Corporation during the presidential debates (which we have quoted in another article on the subject in this evening’s edition). I would be curious to hear what you think about Carrier’s (and other companies across the U.S.) move to Mexico and its impact on the U.S. steel and distribution industries. You can provide your opinion at: John@SteelMarketUpdate.com.
The European Union targeted Chinese steel as they announce new investigations into Chinese plate, hot rolled and seamless pipes. The EU also announced duties on cold rolled steels for China and Russia. There will be protests in Brussels on Monday against the flood of cheap, subsidized Chinese steel flooding the EU.
I will be in my office on Monday and Tuesday of this week before traveling to Tampa for the Port of Tampa Steel Conference on Wednesday and Thursday. For those of you traveling to Tampa I look forward to seeing you there. I think the weather is suppose to be nice in Florida so those of you coming from the north – enjoy.
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.