Final Thoughts
Final Thoughts
Written by John Packard
February 27, 2015
I will be staying put for a couple of weeks and can be found in our current headquarters. Please feel free to contact me should you have any questions, comments or suggestions. This offer includes those of you who are on a trial of the Steel Market Update (SMU) newsletter(s). I am always interested in speaking to those who are just finding SMU for the first time. I can be reached at: John@SteelMarketUpdate.com or by phone: 800-432-3475.
Steel Market Update will begin our early March flat rolled steel market analysis (survey) beginning at 8 AM ET on Monday morning. If you receive an invitation to participate please take a moment to click on the link and complete our questionnaire. We will run the survey through Thursday of this week.
We will put out a special supplemental issue tomorrow (Monday) for our Premium level members. We have articles regarding our Key Market Indicators and the latest update on currency values for the steel trading nations.
On Wednesday I will be “debating” Timna Tanners of Bank of America for her clients.
Just another week at the office.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.
Final Thoughts: The long shadow of Ken Iverson
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.
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Algoma Steel has publicly confirmed that it might scale back its presence in the US market. It's no secret why: 50% Section 232 tariffs remain in place against Canada, which has traditionally been one of our closest allies.