Final Thoughts
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Final Thoughts
Written by John Packard
June 30, 2017
Happy Independence Day Weekend for those in the United States and Happy Dominion Day (150 years) for those in Canada. I hope everyone is enjoying some extra time off with family and friends.
From here all is quiet – the only news we have to share is a change in the date of our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held in Ft. Wayne, Ind., and will include a tour of the SDI Butler facility. The dates on this workshop are Wednesday, October 4th and Thursday, October 5th, 2017. We should have registration details up on our website right after the conclusion of the Independence Day Weekend. If you have any questions, feel free to contact our offices at 800-432-3475 or info@SteelMarketUpdate.com
Have a good Holiday Weekend. We will be closed on Monday and Tuesday but we will check messages.
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).