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
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.