Final Thoughts

Final Thoughts

Written by John Packard

We are going to hold off on doing an import analysis other than to say that the latest license data suggests July imports will be approximately the same as June. I will check the latest numbers to see if there are any huge variances compared to what we reported over the past few days. If so, we will produce the updated numbers in Thursday evening’s edition of Steel Market Update.

A comment from one executive of a service center regarding the threat of dumping suits. Essentially he stated that the threat can’t stay hanging over the industry forever. At some point in time the mills either have to file or the industry has to ignore the threat.

Chinese cold rolled exports for the month of July are trending toward a final monthly number around 60,000 net tons. This would be less than what we saw in June (84,965 net tons) and well below the peak for the past twelve months which was 105,236 net tons received during the month of April 2014.

On the other hand Chinese exports of hot dipped galvanized appear to be trending toward a July tonnage level of approximately 85,000 net tons which would be at May 2014 levels which was the 12 month high for China.

We will have Key Market Indicators out within the next couple of days for our Premium Level members (actually everyone since you are all receiving Premium Level content for the remainder of July).

I want to welcome our newest members to Steel Market Update. If you have any questions, comments or suggestions about our articles, website or just in general please do not hesitate to send them to me. I try to be responsive to the needs of our members and many times questions/comments/suggestions lead to articles and discussions which is something we encourage. I can be reached at:

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

John Packard, Publisher

See you in Atlanta?

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.