Final Thoughts
Final Thoughts
Written by John Packard
April 4, 2014
We are receiving many emails from readers and others associated with the flat rolled steel industry regarding the current state of the market, responses to the past two articles written by David Phelps (former president of the AIIS and one of our contributing writers) and on a number of other topics. We appreciate and encourage a healthy exchange of ideas. You can reach us at: info@SteelMarketUpdate.com and you are also welcome to contact me in my office: 800-432-3475.
Steel Market Update has two spots remaining for our next Steel 101: Introduction to Steelmaking & Market Fundamentals workshop which will be held on May 6-7, 2014 in Dearborn, Michigan. The workshop includes a tour of the Severstal Dearborn steel mill. Information and registration details can be found on our website.
I expect to publish another Premium Level supplemental issue of the newsletter on Monday. The article about imports in tonight’s issue would normally be reserved for our Premium Level members. If you would like to learn more about Premium membership you can do so on our website or feel free to contact me in my office: 800-432-3475. Those of you who are on a free trial are already receiving Premium access and you can speak with John Temples or Ryan Packard as they follow-up on your trial about Premium Level membership and other options available.
We expect to have our next imports by product, port and country on the website later this week for our Premium Level members.
As always, all of your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
Never have I been more certain in declaring that those in the steel industry are less certain now than they thought they’d be at this point before the election.
Final Thoughts
“Trump took to Twitter.” That was a familiar story lead in Trump 1.0. Now it’s “Trump took to Truth Social (or X)." The latest example: President-elect Donald Trump on Monday evening said he was “totally against” U.S. Steel being acquired by Nippon Steel in a post on Truth Social.
Final Thoughts
And so it begins (again). Not to be outdone by Thanksgiving, President-elect Donald Trump has threatened to impose tariffs of 25% on all imports from Canada and Mexico. He also threatened to hit all imports from China with tariffs of 10% - an amount that would come on top of a boatload of pre-existing duties and tariffs.
Final Thoughts
“We’ll always have Paris,” as the famous line in Casablanca goes. And this month, the global steel industry did as well. The Organization for Economic Co-operation and Development (OECD) Steel Committee met in the City of Lights earlier this month. There was also a meeting of the Global Forum addressing excess steel capacity.
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.