Final Thoughts

Final Thoughts
Written by John Packard
September 18, 2016
With the Wheatland Tube filing of a complaint against China using the ENFORCE Act we are about to enter the next stage of trade complaints. The Wheatland complaint is for circumvention of duties that already exist against Chinese products, so it will be interesting how quickly this first test case takes and will Customs and Border Protection find in favor of the U.S. manufacturer. We will be watching this closely in the coming weeks (and months).
I believe we have two to maybe up to four seats left for our next Steel 101: Introduction to Steel Making and Market Fundamentals workshop which will be held in Memphis, Tennessee and will include a tour of the brand new Big River Steel (BRS) steel mill. The dates are November 15-16, 2016. You can learn more about the workshop on our website: www.SteelMarketUpdate.com or by contacting our office at 800-432-3475.
A note to those attending FABTECH and/or the ASD Annual Conference both in Las Vegas at the end of that same week as our Steel 101 workshop. John Eckstein (one of our Steel 101 instructors) and I will be teaching a “mini” Steel 101 workshop at the Las Vegas Convention Center as part of FABTECH. Our class will be from 8 AM until 10 AM on Friday, November 18th. I hope to attend at least a portion of the ASD meeting as well.
Brett is on vacation for a couple of days. If you need to reach me you can do so by calling 800-432-3475. If you want to reach Diana (pay a bill or have questions about your account) she can be reached at 772-932-7538.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher

John Packard
Read more from John PackardLatest in Final Thoughts

Final Thoughts
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day. There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to "getting better" and even the occasional “blissfully unaware” (because I’m enjoying my vacation).

Final Thoughts
What's going to be the next big thing in steel?

Final Thoughts
Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.

Final Thoughts
Maybe some of this uncertainty will get ironed out ahead of Liberation Day tariffs resetting higher rates on July 9. But if I had to place a wager, it would be on more drama and last-minute brinksmanship - whether it comes to the Liberation Day tariffs or the various Section 232s that are in the works.

Final Thoughts
What should you keep your eye on, considering the latest geopolitical events?