Final Thoughts

Final Thoughts

Written by John Packard


One of our readers sent me an article produced by another steel-related publication about the state of Kentucky offering financial incentives to AK Steel. The Kentucky Industrial Revitalization Act is being extended with one of the hopes that AK Steel will use the incentives to help reline the Ashland blast furnace. The question asked by our reader was – How is this different than what foreign countries do to assist their own manufacturing or steel producing companies?

I decided to write an article about the potential for dumping suits to be filed against coated steels at this time – even though the rumors have been out there for a number of months – because the topic had heated up over the past few days and specific mill names are being attached to the rumors.

Besides coated products there are rumors of a U.S. mill being close to filing dumping suits on Chinese cold rolled – specifically Angang and WISCO are named as the main offenders.

There will be plenty of time to argue the merits of each case once the suits are filed. As the OCTG cases have proven not everything and everyone is dumping. Politics is part of the process both domestic and international.

The one item where imports seem to be a bit out of whack is Galvalume – especially prepainted Galvalume. There are a number of mill suppliers in both the north and south who produce the product yet foreign Galvalume has held tight to their market share.

For those attending the SBB/Platts steel and scrap conference next week in Chicago – John Temples from our office will be covering all three days. Look for him amongst the crowd.

I will be at the Association of Steel Distributors annual meeting in Orlando next week and then at the Toronto Steel Buyers meeting in Toronto on the 26th of March.

For those of you who are new to Steel Market Update and are on a free trial of our newsletter and website. We did make a change to our trial access. We have upgraded our trial members to Premium Level access. You will be receiving the Executive newsletter (this one) plus Premium supplements and have access to all areas of the website.

If you are an Executive member and would like to see what Premium access means you are welcome to contact John Temples (JohnTemples@SteelMarketUpdate.com) or Brett Linton (Brett@SteelMarketUpdate.com) and they can set you up for a week or two to try Premium on for size. You can find more about Premium Level service on our website under the Newsletter and Subscription tabs.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

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Latest in Final Thoughts

Final thoughts

Last week was a newsy one for the US sheet market. Nucor’s announcement that it would publish a weekly HR spot price was the talk of the town – whether that was in chatter among colleagues, at the Boy Scouts of America Metals Industry dinner, or in SMU’s latest market survey. Some think that it could Nucor's spot HR price could bring stability to notoriously volatile US sheet prices, according to SMU's latest steel market survey. Others think it’s too early to gauge its impact. And still others said they were leery of any attempt by producers to control prices.