Steel Products
Final Thoughts
Written by John Packard
January 30, 2013
Our Steel 101: Introduction to Steelmaking & Market Fundamentals Workshop is quickly filling up. We have about 6 spots left available for our February 27-28 workshop which will be held in the Columbus, Mississippi area and include a tour of the Severstal Columbus mini-mill. You can learn more about our program on our website or you are welcome to contact us at our offices with any questions you might have. You can register online or by contacting our office at 800-432-3475 (706-216-5440).
I want to take a moment to welcome our newest members and to remind them – and those who have been with us for awhile – if you have any questions or suggestions we are here and available to listen and respond. We can be reached by email: info@SteelMarketUpdate.com or by phone: 800-432-3475 and we encourage interaction. If you would like to participate in our surveys please send me an email: John@SteelMarketUpdate.com. We also encourage you to suggest us to your friends. We try to let our product and our customers speak on our behalf – and we thank you in advance for your kind words.
We will dig into the earnings conference calls a little deeper in the next 24 hours to see if any secrets were revealed. Early reports suggest it was a long day for the analysts with few crumbs dropped…
The Big River Steel press release – I don’t recall when I have ever seen a press release for a $1 billion steel mill so few on details – no tonnage – no products.
As always your business is truly appreciated.
John Packard
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OCTG producers in Canada take aim at Mexico, US, others
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Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.