Steel Products
Final Thoughts
Written by John Packard
February 8, 2013
I am finding the current market conditions a bit “unusual.” Foreign prices appear to be within the range which would allow domestic mills to get price increases. Read Andre Marshall’s article on the Futures markets above. The whole world market is not quite right at the moment. The world scrap markets suggest China is the one out of whack…
Lourenco Goncalves sitting in a rocking chair watching TV sipping on an ice tea and enjoying his retirement…? Somehow the visual doesn’t quite fit. Maybe he would like to write a few articles for SMU – I know he has some opinions about the industry – help keep us all on our toes…
SMU has one (1) spot left in our Columbus, Mississippi workshop at the end of the month. If you have any questions please contact our office at 800-432-3475 or contact me personally: John@SteelMarketUpdate.com
As always your business is truly appreciated.

John Packard
Read more from John PackardLatest in Steel Products

Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.

Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]

Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value

Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.