Final Thoughts
Final Thoughts
Written by John Packard
September 17, 2013
Our steel market survey began on Monday and will continue until late Thursday afternoon. If you have received an invitation to participate please click on the link and respond to the questions you can answer.
We are doing triple duty so my apologies if we are missing an article here or there. We are literally producing two newsletters at the same time – one which is put on the old website and one for the new website. It may sound like an easy thing to do – but instead it can be very time consuming since the new site will allow us to send each article to various areas within the site (and not just on the newsletter).
We are also adding new pages to the website every day. John Temples is working on developing e-Learning modules and tips on how to use the new website. We are also training on all the new software we need to understand before the site can come up live.
So, if we seem a bit harried – please forgive us.
A mill in South America found out about Steel Market Update recently having received a copy of our Monthly newsletter. They signed up for a trial of our newsletter and then after a couple of issues sent us and email asking how to get about 50 of their customers on a trial. My kind of (almost) customer. Feel free to tell your customers, suppliers or steel related contacts about SMU. We are always looking for a few more valuable customers just like you.
As always your business is very important to us and is truly appreciated.
John Packard
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Can technology help with pig iron and DRI/HBI tariffs?
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Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.