Final Thoughts
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Final Thoughts
Written by John Packard
March 18, 2019
On my way back to the USA following a good meeting with the folks at Ternium in Mexico. More to follow later.
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Companies are beginning to register for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held in Davenport, Iowa, on May 14-15, with the kind cooperation of SSAB Americas. The classroom sessions on the making and marketing of steel products will be complemented by a tour of the SSAB mill. For anyone who has never seen a steel mill in operation, this will be an unforgettable experience.
It’s not too early to begin making plans for the 2019 SMU Steel Summit Conference, to be held Aug. 26-28 in Atlanta. This year the conference will begin with a Price Risk Management Workshop hosted by the CME Group beginning at 10:30 a.m. on Monday, Aug. 26 in the Marriott hotel next to the Georgia International Convention Center, which will host the rest of the conference. To learn more and to register, go to: www.SteelMarketUpdate.com/Events/Steel-Summit
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
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John Packard
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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.
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Final Thoughts
A lot of the changes basically entail rolling back what I’ll call, for fun, Section 232 Lite. S232 Lite resulted from watering down what I’ll call OG S232 – the one first imposed in March 2018 - with exemptions and exclusions over the years. Now, OG Section 232, is back with its across-the-board 25% tariffs against everyone.