Final Thoughts
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Final Thoughts
Written by John Packard
November 30, 2016
NLMK USA has gotten the go-ahead on a new walking beam furnace for the Pennsylvania plant. Some pre-construction has already begun. James Baker, Jr. told us in an email, “We will be installing a walking beam furnace in Farrell. We have already started on initial site prep with target completion date of September 2018. There will be no negative impact on production thru the entire project, we have engineered this so as to be seamless to our customers. We will achieve significant improvements in quality, energy efficiently, emissions and scheduling from the new furnace.”
We have 3 seats left for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held in Huntsville, AL on January 24-25, 2017 with a tour of the Nucor Decatur mini-mill. Come join us in learning about the steel making process (EAF and Blast/BOF), how qualities of steel are made and how the market works. You can find information on our website or by contacting our office at 800-432-3475.
We intend on conducting four Steel 101 workshops during calendar year 2017.
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
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.
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Final Thoughts
A lot of the changes basically entail rolling back what I’ll call, for fun, Section 232 Lite. S232 Lite resulted from watering down what I’ll call OG S232 – the one first imposed in March 2018 - with exemptions and exclusions over the years. Now, OG Section 232, is back with its across-the-board 25% tariffs against everyone.