Final Thoughts
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Final Thoughts
Written by John Packard
November 18, 2016
Later this week is Thanksgiving so we will have an abbreviated publishing schedule this week. We will publish on Tuesday and we will not publish on Thursday. If we publish on Sunday it will be a shorter than normal issue and then we will get back to our normal schedule until we reach the Christmas and New Year’s Holidays.
We started our mid-November flat rolled market survey on Friday and we will collect responses through 5 PM on Tuesday of this week. If you received an invitation please take a few minutes to click on the button in the message which will take you to the questionnaire.
We will continue to collect information on the new coating extras. We know there are a couple of mills who are not represented in the analysis that we did in tonight’s issue and we will catch up to those and put the comparisons on our website as the week progresses.
I want to welcome those of you who have recently become members as well as those who have signed up for a trial of our newsletter/website. We encourage questions, comments and suggestions, so if you have anything you would like to have us dig deeper into please send us an email to: info@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
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.
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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).