Final Thoughts
Final Thoughts
Written by John Packard
August 16, 2017
I asked trade attorney Lewis Leibowitz recently to look into the requests for reviews of the antidumping and countervailing duties on CORE (corrosion resistant steel) and cold rolled. The U.S. Department of Commerce published notices on July 3, 2017, asking any of the countries/companies affected if they wished to have a one-year review of the initial decision. Leibowitz advised us that the Commerce Department has not yet published a list, but there are a number of reviews requested. There were no requests from the Chinese. The Koreans have filed a number of requests (four or five, including POSCO).
This year’s SMU Steel Summit Conference will be the first to be covered by television. Media credentials have been requested by NHK Japan Broadcasting Corp. for the conference. NHK is the Japanese equivalent to the PBS broadcasting network here in the United States.
It feels like a bolt of electricity passing through my body as I prepare for the largest crowd to ever participate in a SMU Steel Summit Conference. We will blow away last year’s record attendance, and we will have to close registrations tomorrow (Friday, Aug. 19) as I do not want to sell standing-room-only tickets. Thank you to everyone who has been supporting our conference, whether you personally are attending this year’s event or not.
Mark your 2018 calendars now – Aug. 27, 28 and 29 – we will once again hold our conference in Atlanta at the Georgia International Convention Center.
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
“We’ll always have Paris,” as the famous line in Casablanca goes. And this month, the global steel industry did as well. The Organization for Economic Co-operation and Development (OECD) Steel Committee met in the City of Lights earlier this month. There was also a meeting of the Global Forum addressing excess steel capacity.
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
Final Thoughts
One of the perhaps unintentional perks of being a trade journalist is the opportunity to travel and cover an array of industry conferences and events. Some I've attended have been at fun locations, like Palm Springs and Tampa, Fla. Others have been in more practical locations, like SMU’s Steel Summit in Atlanta and American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA) meetings in Washington, D.C.
Final Thoughts
t this point in the game I think what we can say about Nippon Steel’s proposed buy of Pittsburgh-based U.S. Steel is that it will go through, it won’t go through, or the outcome will be something new and completely unexpected. Then again, I’m probably still missing a few options.
Final Thoughts
President-elect Donald Trump continues to send shockwaves through the political establishment (again). And steel markets and ferrous scrap markets continue to be, well, anything but shocking. As the French writer Jean-Baptiste Alphonse Karr wrote in 1849, "The more things change, the more they stay the same." (I thought the quote might have been Yankees catcher Yogi Berra in 1949. Google taught me something new today.)