Final Thoughts
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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
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John Packard
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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.
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Final Thoughts
I think it’s fair to say that the last few weeks – and last week especially – have been among the most intense for any of us covering steel (or aluminum).
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Final Thoughts
A look at how SMU survey respondents are reacting to President Trump's recent actions on tariffs.