Steel Products
Final Thoughts
Written by John Packard
March 21, 2013
It has been a hectic past few days due to my travel schedule – which happened to include a drive from Montreal to Albany, New York in the middle of a snow storm. It has been more than 30 years since I lived in Minnesota…but, the lessons learned those many years ago came in handy over the past 24 hours.
Part of the excitement was managing to have my briefcase stolen during my trip. The briefcase which included my laptop. So, this evenings edition is being brought to you by our fine writing team of Peter Wright, Sandy Williams and Brett Linton with an assist from my iPhone…
I hope everyone is enjoying the new analysis Peter Wright has been bringing to the table. We have plans to expand many of the items we have covered in the past using Peter’s expertise and analysis. As our new website comes up we hope to break our content into a number of products so those who are looking for a deeper analysis can get it, those who wish to have us keep producing our original product can get it and then offer something to those who only want to see something on a monthly basis. I will get into more details on each product as we finish development.
As I have mentioned in the past – if there are certain items you would like to see SMU spend more time explaining or analyzing in more detail – please send your suggestions and comments to my attention: John@SteelMarketUpdate.com
As always we enjoy hearing from our readers and we truly appreciate your business.
John Packard
Read more from John PackardLatest in Steel Products
US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.
CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.