Final Thoughts

Final Thoughts
Written by John Packard
October 18, 2013
We are in the “final” testing of our new website. Unless we have another setback in the coming days we should be able to bring the site up within the next week to 10 days. Give us a few more days to make sure the subscription system is working properly and then we will need time to migrate all of our members over to the new site.
When we get within a few days of launch we will provide details on how to make sure the images show up when you receive the newsletter, the number of ways to read the newsletter and information about the depth of the new website.
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As always thank you for your business as it is truly appreciated by all of us here at Steel Market Update.

John Packard
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Final Thoughts
We’ve talked about tariffs ad nauseam for much of the year. And I’m afraid this topic isn’t going away anytime soon. There’s a feeling that the tariff “can” will just be kicked down the road again and again, and again.

Final Thoughts
Can technology help with pig iron and DRI/HBI tariffs?

Final Thoughts
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.