Final Thoughts
Final Thoughts
Written by John Packard
April 30, 2014
A quick Final Thoughts this evening as I am in Chicago for the Metals Industry Boy Scout Dinner.
For those of you who have interesting sales stories from your steel career or otherwise, I am interested in collecting sales related stories/advice, etc. Please send your comments or stories to me at: John@SteelMarketUpdate.com.
A reminder that our new Managing Price Risk II: Strategies & Execution workshop is available for registration. Information can be found on our website or you are welcome to contact our office: 800-432-3475 or Andre Marshall: Andre.Marshall@crunchrisk.com.
I hope to have the next two Steel 101 workshops ready for announcement within the next week. Our goal is to produce one either in late July/August and then again in October.
I want to welcome our newest customers and I want to invite you to interact with Steel Market Update. If you have a question, comment or suggestion we are here and available to speak with you either by email (info@SteelMarketUpdate.com) or by phone (800-432-3475).
Thank you to all of our customers as your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
Cliffs came tantalizing close to buying U.S. Steel in 2023. There were rumors in 2024 that Cliffs might buy NLMK USA before it ultimately purchased Stelco for $2.5 billion in November of last year. Who would have thought that asset sales would have been the focal point of discussion just six months later?
Final Thoughts
Given the news about tariffs and bringing back industries to the US, a brief look back in time may show how our economy changes with technological advances and the shifting economies of scale.
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.