Final Thoughts
Final Thoughts
Written by John Packard
May 15, 2017
I have read reports that suggest the first fully integrated mill in Vietnam, Formosa Ha Tinh Steel, has received permission to test their #1 blast furnace. The Vietnamese government has approved the pollution control equipment and the company is going to be allowed to run the blast furnace on a six-month trial period. In July 2016, this same mill caused a devastating toxic spill that impacted 125 miles of coastline in the province of Ha Tinh and three other provinces in Central Vietnam, affecting the country’s fishing and tourism industries.
We have been working on a new section for members in our website. The section is entitled “Trade Cases” and we have the results of the corrosion resistant (CORE), cold rolled, hot rolled and cut-to-length plate (CTL) in the site. The data can be found under the Resources tab (although we may move it to the Analysis tab at a future date). Please take a look and advise what adjustments or new information you would like to see contained in the data. These pages were created based on a question from one of our member companies. SMU does react to questions and suggestions so please keep them coming: info@SteelMarketUpdate.com.
I will be traveling to Atlanta and then on to Chicago on Wednesday. I will be available by email should you have any need to reach me: John@SteelMarketUpate.com.
On Thursday I will be attending the Metal Industry sponsored Boy Scout Dinner at the Hilton Chicago Hotel at 720 South Michigan Avenue. If you would like to meet with me please shoot me an email with your cell number. I will email or text you back once I am able to review my schedule.
We had 16 new registrations for the SMU Steel Summit Conference which takes place on August 28, 29 & 30th. We are now over 300 registrations and well on our way to 500+ executives at this year’s event. We invite you to join us if you have not already made arrangements to do so. It will be the largest conference featuring “pure” steel people in North America this year. You can find out more details here or by contacting our office at 772-932-7538 or info@SteelMarketUpdate.com (or ask me if you are at the Boy Scout Dinner in Chicago on Thursday). There are 103 days to go…
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
And just like that, we’re wrapping up the last SMU newsletter of 2024. We’re closing out our 19th year and looking with wide-eyed anticipation to what 2025 will bring.
Final Thoughts
SMU looks back at stories from Decembers past, one, five, 10, and 100 years ago.
Final Thoughts
It's that time of year again. You know, that time when people wonder if those things are drones in New Jersey or if the aliens are ready to come onto the stage just in time for Inauguration Day. What will that do for steel price volatility? In any case, the SMU team finds itself in Pittsburgh this week.
Final Thoughts
The Community Chat last Wednesday with ITR economist Taylor St. Germain is worth listening to if you couldn’t tune in live. You can find the replay and Taylor’s slide deck here. You can also find SMU reporter Stephanie Ritenbaugh’s writeup of the webinar here. Taylor is Alan Beaulieu’s protégé at ITR. Many of you know Alan from his talks at SMU Steel Summit. I found Taylor’s analysis just as insightful as Alan’s.
Final Thoughts
Cracks have formed in what has been presented as the Biden administration’s united front against Nippon Steel’s play for U.S. Steel. A report from the Financial Times said parts of the administration are at odds on the deal.