Final Thoughts
Final Thoughts
Written by John Packard
June 10, 2016
A reminder that I will be in New York City beginning on Monday and will not return to my office until late on Wednesday afternoon. I will be attending a number of steel-related meetings and conferences that surround the World Steel Dynamics Steel Success Strategies Conference. I do have some time slots open on Tuesday morning and mid afternoon should you be interested in touching base with me. You can text me or call me at: 770-596-6268 if you happen to have a spare moment. I should be close to the Sheraton Hotel most of the day on Tuesday.
Our next flat rolled steel market trends analysis will begin at 8 AM ET on Monday. If you receive an invitation please take a few moments to click on the button and to complete the questionnaire. We thank you in advance for your time which we know is valuable.
If you have already registered for our Steel Summit Conference – thank you. If you have not, well we highly recommend that you do. Our program is outstanding. The networking will be second to none and even the food will be darn good for a conference… If you have any questions please do not hesitate to contact our office at 800-432-3475 or by email: info@SteelMarketUpdate.com.
Our next Steel 101 workshop will be held in Memphis, Tennessee on November 15-16, 2016 and we will be touring the brand new Big River Steel. Space is limited. Registration is on our website.
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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It's that time of year again. You know, that time when people wonder if those things are drones in New Jersey or if the aliens are ready to come onto the stage just in time for Inauguration Day. What will that do for steel price volatility? In any case, the SMU team finds itself in Pittsburgh this week.
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The Community Chat last Wednesday with ITR economist Taylor St. Germain is worth listening to if you couldn’t tune in live. You can find the replay and Taylor’s slide deck here. You can also find SMU reporter Stephanie Ritenbaugh’s writeup of the webinar here. Taylor is Alan Beaulieu’s protégé at ITR. Many of you know Alan from his talks at SMU Steel Summit. I found Taylor’s analysis just as insightful as Alan’s.
Final Thoughts
Cracks have formed in what has been presented as the Biden administration’s united front against Nippon Steel’s play for U.S. Steel. A report from the Financial Times said parts of the administration are at odds on the deal.
Final Thoughts
It’s been another week of torrid speculation when it comes Trump and tariffs. And another week of mostly flat price movement when it comes to steel sheet and plate. As far as Trump and tariffs go, I think I might have lost track. We've potentially got 10% blanket tariffs on imports from China, 25% tariffs on imports from Canada and Mexico, 100% tariffs on the BRICs, and 200% on Caterpillar. Canada might be the 51st state. Mexico could be the 52nd state. But all can be resolved if you stop by Mar-a-Lago and kiss the ring?