Final Thoughts
Final Thoughts
Written by John Packard
October 6, 2013
I am in Blytheville, Arkansas making final preparations for our Steel 101: Introduction to Steelmaking & Market Fundamentals workshop. We have a full class which will tour the Nucor Hickman facility on Tuesday afternoon.
We will send out a complimentary issue of our latest Monthly Newsletter on Monday. Once our new website comes online we will begin selling the Monthly Newsletter as a stand-alone product. The price for new customers will be $300 per year (12 issues). In the beginning we will offer our existing customers the opportunity to receive the Monthly Newsletter as well for an additional $100 on top of the single membership rate. For corporate pricing please contact our office: info@SteelMarketUpdate.com.
Thank you to everyone who spent time with either John Temples or myself at Metalcon last week.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
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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.
Final Thoughts
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
Final Thoughts
I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day. There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to "getting better" and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
Final Thoughts
What's going to be the next big thing in steel?
Final Thoughts
Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.