Final Thoughts
Final Thoughts
Written by John Packard
October 27, 2017
Steel Market Update (SMU) will begin our next flat rolled steel market trends survey at 8 AM ET tomorrow (Monday). If you receive an invitation, please take a few moments to click on the button in the message and fill out our questionnaire. Most people are able to get through the process in less than five minutes. We think this will be an important barometer to see if the price increases are taking hold, what is happening with lead times and mill negotiations, as well as how steel distributors are handling spot sales to their customers. Again, look for the invitation to participate at 8 AM ET.
A second reminder that our Steel 101: Introduction to Steel Making & Market Fundamentals workshop scheduled for Mobile, Ala. on Jan. 24-25, 2018, is sold out. We are creating a waiting list, and we are hopeful we will be able to accommodate a couple of those on the list once we get closer to the workshop dates. The Mobile workshop includes a tour of the SSAB Mobile minimill.
Following Mobile, we will be traveling to Portage, Ind., to tour the NLMK USA minimill. We are working on finalizing the dates of that workshop, which will be in the month of March. After Portage, we anticipate hosting another Steel 101 workshop in May, then we are looking at one during the summer months and finally one in October.
I want to welcome a new addition to the Steel Market Update family. We have added Jill Waldman to our Events team. Jill will be working with Ray Culley and me on next year’s SMU Steel Summit Conference. She will be involved first with coordinating our sponsor and exhibitor efforts. If you would like to communicate with her, she can be reached at Jill@SteelMarketUpdate.com.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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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.)
Final Thoughts
President-elect Donald Trump will officially retake the White House on Jan. 20. I’ve been getting questions about how his administration’s policies might reshape the steel industry and domestic manufacturing. I covered the tumult and norm busting of Trump's first term: Section 232, Section 301, USMCA - and that's just on the trade policy side of things. It's safe to say that we'll have no shortage of news in 2025 when it comes to trade and tariffs.