Final Thoughts
Final Thoughts
Written by John Packard
February 14, 2014
Steel Market Update will conduct our mid-February flat rolled steel market analysis beginning on Monday morning at 8 AM ET. We encourage those who receive an invitation to participate in our survey to click on the link and spend five minutes answering our inquiries about market conditions, demand, inventories, foreign steel and steel pricing. All information collected is confidential and we do not identify any of our contributors. If you would like to become a contributor to our twice monthly market survey please send me an email: John@SteelMarketUpdate.com.
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Final Thoughts
With the US presidential election decided, ‘wait and see’ has quickly turned into ‘we’re about to find out.’ Following Donald Trump’s victory, I had a chance to sit down with Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI). He gave his thoughts on what he thought we might see in Trump’s second term in office, and what it means for steel.
Final Thoughts
Votes were still being counted when this column posted on Tuesday evening. And I’d be surprised if we know who the president will be by the time some of you are reading it on Wednesday morning.
Final Thoughts
Next week promises to be a big week for the country. Could even top the World Series (congrats to the Dodgers). As we all hold our breath to see what happens next, it’s a good time to reflect.
Final Thoughts
It’s official. U.S. Steel has made the first coil at Big River Steel 2 (BRS2). We congratulate the company and all the hard work that went into achieving that milestone. USS said BRS2 would begin shipments to customers this quarter. And we’re assuming those volumes will increase into Q1'25.
Final Thoughts
Nucor said it is seeking $740 per short ton (st) for hot-rolled (HR) coil this week, up $20/st from last week. USS, meanwhile, is shooting for up $30/st for sheet products in general. (USS did not announce a target price for HR.)