Final Thoughts
Final Thoughts
Written by John Packard
May 23, 2016
the U.S. Department of Commerce will release their Final Determination on the corrosion resistant antidumping and countervailing duty trade suit on Wednesday, May 25th (not today). We will have a full report once we receive the announcement on Wednesday.
Steel Market Update will not publish our newsletter on Sunday, May 29th due to the Memorial Day Holiday. We will return to our normal publishing schedule on Tuesday, May 31st. We will begin our early June flat rolled steel market trends analysis on Tuesday morning as well.
For those of you who are interested in learning more about the hot rolled futures markets the CME Group has asked me to pass along an invite to their New York City Manage Your Price Risk forum at the Park Central Hotel on Monday, June 13th. You can register by clicking here (you made need to be logged into our website for the link to work properly).
I will be in New York City on the 13th and 14th of June as I attend a number of functions around the Steel Success Strategies conference. I am booked solid on the 13th but have some time available on Tuesday the 14th if anyone would like to have breakfast or share a cup of coffee. Just drop me an email at: John@SteelMarketUpdate.com
Don’t forget while in New York talk up our Steel Summit Conference…
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
Final Thoughts
One of the perhaps unintentional perks of being a trade journalist is the opportunity to travel and cover an array of industry conferences and events. Some I've attended have been at fun locations, like Palm Springs and Tampa, Fla. Others have been in more practical locations, like SMU’s Steel Summit in Atlanta and American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA) meetings in Washington, D.C.
Final Thoughts
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
President-elect Donald Trump will officially retake the White House on Jan. 20. I’ve been getting questions about how his administration’s policies might reshape the steel industry and domestic manufacturing. I covered the tumult and norm busting of Trump's first term: Section 232, Section 301, USMCA - and that's just on the trade policy side of things. It's safe to say that we'll have no shortage of news in 2025 when it comes to trade and tariffs.