I spoke with the International Trade Administration this afternoon (Thursday) and they advised me that the OCTG Final Commerce ruling announcement will come out between noon and 4 PM ET tomorrow. The deadline date is today, July 10th but the actual announcement is always made on the next business day. We will receive a copy of the ruling when it is released and we will produce an article which will go in our Premium Level supplement issue which is due to go out tomorrow afternoon anyway (and everyone will get it since we are giving our Executive Level members full access to Premium content).
I understand there was a fire at the ArcelorMittal Dofasco blast furnace on Wednesday evening. The fire was related to the failure of a gas valve at the top of the #2 blast furnace. The fire was quickly extinguished and no one was hurt according to media reports.
Besides our Steel Summit Conference our next Steel 101 workshop is seeing an early influx of registrations. The next Steel 101 workshop will be held in Fort Wayne, Indiana and will include a tour of the Steel Dynamics EAF and rolling mill. Details for both our Steel Summit Conference and Steel 101 are on our website.
As always we want to thank you for your business as it is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John PackardRead more from John Packard
Latest in Final Thoughts
A big "thank you" to Wolfe Research and Timna Tanners for organizing a lunch in today in Chicago with a group of steel industry participants and investors.
Sheet prices fell again this week, this time not on fears of a United Auto Workers (UAW) union strike but on the actual thing.
The United Auto Workers (UAW) strike that started Friday leaves the Detroit 3 automakers—and it’s union-represented workers—in uncharted territory.
SMU Managing Editor Michael Cowden shares his Final Thoughts for the week on what happens to steel if the United Auto Workers (UAW) launch a series of “stand up” strikes at midnight tonight against Ford, General Motors, and Stellantis?
Sheet prices have fallen to their lowest point of the year - just below $700 per ton ($35 per cwt) when it comes to hot-rolled coil (HRC).