Final Thoughts
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Final Thoughts
Written by John Packard
July 11, 2016
We discovered earlier today that our office phones (including our 800 number) are down and calls are not being transferred or going to voicemail. We are in touch with Comcast to get the issue resolved. Although we understand it is a system wide failure not just our phones. In the meantime, if you need to reach the office regarding questions, registration or other issues please contact Brett Linton at 706-216-2140. He can also be reached at: Brett@SteelMarketUpdate.com. If you need to speak with me I can be reached at 770-596-6268 or by email at: John@SteelMarketUpdate.com. You can keep these numbers and email addresses in your SMU “happy place” should you ever have issues trying to reach our offices.
We have officially exceeded the number of registrations we had for last year’s Steel Summit Conference and we still have 48 days to go. We do have a list of companies listed on our website (just below the sponsors on the right hand side of the Steel Summit pages). If you want to know who exactly is registered you will need to be registered yourself. Then you can use our SMU Events App (available in your App store at no cost) to search attendees.
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
Read more from John PackardLatest in Final Thoughts
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Final Thoughts
That’s not to say Section 232 shouldn’t be tightened up. Or that certain trade practices – even among our traditional allies – weren’t problematic. But when it comes to the reboot of Section 232, I do wonder whether there will be some unintended consequences.
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Final Thoughts
As February comes to a close this week, the scrap markets are poised for another – and perhaps more extreme – move upward in March. March is usually a month when scrap prices relent as winter’s impediments subside. That’s not the case this year. And this time, the driver of prices will be increased demand from mills along with restricted flows over the last two months.
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Final Thoughts
The US steel market has whipsawed upward on the prospect of expanded Section 232 tariffs of 25% being applied to imported steel - including downstream goods - on March 12. It seems pretty clear that domestic steel mills have the ear of the Trump administration when it comes to Section 232. The result? The much-anticipated Trump bump has finally arrived - and then some.
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Final Thoughts
Some of you have told me that the current market feels about as crazy as early 2021 when demand snapped back after the initial outbreak of the Covid-19 pandemic. Others have said it might be more like late February/early March 2022, when Russia launched a full-scale invasion of Ukraine – and, in the process, caused […]
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Final Thoughts
To say we’ve entered a “Brave New World” since Jan. 20 might be an exaggeration, but we’ve definitely entered a different one.