Final Thoughts
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Final Thoughts
Written by John Packard
February 7, 2018
We are working on an article about what companies are doing with the tax windfall they will be receiving this year. We have noticed a couple of companies like Mill Steel that are giving their employees a bonus check. We would like to include your company in our article should you be doing something special for your employees (raises, bonuses, etc.). Please send any comments, press releases to: Tim@SteelMarketUpdate.com.
We have a few spots left in our March 28-29 Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held just outside of Chicago in Merrillville, Ind. Included will be a tour of the NLMK Portage steel mill. Details can be found on our website: www.SteelMarketUpdate.com/events/steel101.
The Department of Commerce submitted the Section 232 report and recommendations on steel on Jan. 11. By my calculations, we are 28 days into the 90 days that President Trump has to make his announcement.
Here are some of my travel plans over the next couple of months. If you would like to meet with me during the Port of Tampa Conference or the FMA Annual Meeting, please shoot me an email at John@SteelMarketUpdate.com.
I will be at the Port of Tampa Steel Conference on Feb. 19-21.
I will be at the FMA Annual Meeting in Scottsdale, Ariz., at the end of March.
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
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).
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Final Thoughts
A look at how SMU survey respondents are reacting to President Trump's recent actions on tariffs.