Final Thoughts
Final Thoughts
Written by John Packard
January 11, 2014
Our company continues to extend our coverage around the country. John Temples has opened an office for us in Michigan. We now have offices in Chicago, Cleveland, Dallas and the Atlanta area along with our newest office in Lansing, Michigan.
I will be traveling later this week as I am speaking to the AWMI Chicago Chapter on Thursday evening (January 16th). You can get more information about the dinner, agenda and tickets from Amanda.Tomsovic@arcelormittal.com.
I will also be attending the AHR Expo in New York City on January 21 & 22. If you would like to meet with me during these two days please shoot me an email: John@SteelMarketUpdate.com.
Last week we were reviewing portions of our new website as we strive to make it easier to understand and more available to our members. We added a video to the historical pricing section of our website. This is a members only section which is located under the Pricing tab and is the first sub-menu called “Price History.” When you are in the Price History section we have a tutorial video which you can access by clicking on the top right hand module which is titled “Video Tutorial.” We hope the tutorial will assist in making your experience with the interactive graphics and tables more productive.
We will be publishing a Premium Supplement for our Premium Level members on Monday of this week. We also have our Power Point presentation of last week’s survey results ready for our Premium Level members. If you would like to change your membership level from Executive to Premium please contact Diana, Brett or myself in our main office: 800-432-3475 or info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update. Please tell your friends about us and have them visit our website: www.SteelMarketUpdate.com to register for a trial or to become our latest member company.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
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.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.