Final Thoughts
Final Thoughts
Written by John Packard
October 24, 2016
We have an article about this in tonight’s newsletter as well but I want to make sure that everyone is aware that our next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop is being held in Huntsville, Alabama on January 24 & 25, 2017. As part of this workshop we will tour the Nucor Decatur electric arc furnace steel mill which produces hot rolled, HRPO, cold rolled and galvanized steels. Our instructors are second to none: John Eckstein (metallurgist, flat rolled), Peter Wright (metallurgist, long products also market analyst), Steve Painter (regional sales manager), Mario Briccetti (engineer/OEM purchasing/consulting) as well as myself (31 years selling & 8 years writing and analyzing the steel industry). You can find more details on our website or feel free to give me a call at 800-432-3475.
I don’t know about you but I am ready to have this presidential election over… Two more weeks to go (is it me or does this one seem like it has been going on for a lifetime?).
I want to welcome those of you who have recently registered for a free trial of our services. Please take some time to acquaint yourself with our website. If you have any questions on the website please contact Brett@SteelMarketUpdate.com or myself at John@SteelMarketUpdate.com.
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
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
Final Thoughts
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
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.