Final Thoughts
Final Thoughts
Written by John Packard
April 22, 2015
We appear much closer to the crossroads than I think many of you realize. Reliance, Nucor and Steel Dynamics spoke about the changes coming in their own way during their earnings conference calls. Reliance prodded the mills to raise prices – now. SDI spoke about their attorneys waiting for the right time before they can file successful dumping suits. Nucor talked about keeping foreign steel at bay and that it may be premature to file price increases. We live in interesting times and my personal opinion is everyone in the flat rolled steel industry needs to keep their eyes, ears and minds open to change.
I will go into more detail on what I mean in Sunday night’s newsletter.
Our Premium level members will see that this week’s flat rolled steel market survey Power Point will be posted on our website on Friday afternoon. We added a couple new questions this week regarding end users looking to lock in future orders at today’s pricing. Seems the results were mixed between end users and service centers…
We are getting down to three weeks before out next Steel 101: Introduction to Steel Making & Market Fundamentals workshop will be held in Merriville, Indiana (outside of Chicago). We encourage both our members and non-members alike to take some time to learn more about what we are trying to teach and how it may fit with your company or individual needs. Our program is on our website: www.SteelMarketUpdate.com or you are welcome to contact our office with any questions you might have: info@SteelMarketUpdate.com or 800-432-3475.
As always 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
A recurring theme in conversations with some of you and in the comments submitted in our surveys is concerns about demand and uncertainty around tariffs. Where does SMU’s latest opinion polling on President Trump’s tariffs stand? Let’s take a look at the numbers.
Final Thoughts
I’ve been getting some calls lately from some of you who want to kick around ideas on where prices might bottom and when.
Final Thoughts
Could an upcoming BRICS meeting spell trouble for President Trump's trade policy?
Final Thoughts
Another record-breaking SMU Steel Summit is in the books. Thanks to all of you – attendees, speakers, sponsors, and exhibitors – for making it possible it in what has been an uncertain year for steel.
Final Thoughts: Steel Summit 2025 has launched!
Steel Summit 2025 has just launched, and we're off to an amazing start.