Final Thoughts
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Final Thoughts
Written by John Packard
May 14, 2018
I am in Miami (South Beach) for a Bank of America Merrill Lynch conference. A little different than I am used to, but I guess the insights that Lewis Leibowitz and I bring on the market may help investors. I will be back in my office sometime late on Wednesday afternoon.
The questions that Lewis and I were getting this afternoon at a reception were about getting a “final” answer to the Section 232 tariffs/exclusions, et al. With the June 1 deadline approaching, I think the investors are hoping the chaos and uncertainty will go away. I don’t think Lewis or I are of that opinion. There will be more chaos to come.
We will have a full report on import licenses on Thursday. I will give you a heads up. The first two weeks’ rate has been much less than what we saw last month. Details coming soon.
I want to welcome our newest members to Steel Market Update. I want to invite you to interact with me, which you can do by sending emails to John@SteelMarketUpdate.com. Your comments and suggestions about Steel Market Update are greatly appreciated.
As always, your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
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John Packard
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Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
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Final thoughts
Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)
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Final thoughts
I want to say a huge ‘thank you’ from all of us at SMU to all of you (more than 1,500!) who attended Steel Summit this year. We appreciate you taking time out of busy schedules to join us – whether that was up on stage, submitting thoughtful questions, or catching up over a drink and bite to eat. Also, a bit shoutout to everyone at SMU and at CRU who made this event possible. It’s no understatement to say that we have a fantastic team.
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Final thoughts
Day one and two of SMU's Steel Summit 2024 are officially in the books. We covered a lot of ground, and the agenda sure did deliver.
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Final thoughts
The big show is just about here. SMU Steel Summit will be getting underway on Monday. Where does the networking begin? I’d say at the airport. So don’t forget your business cards. And it can't hurt to wear a company golf shirt.