Final Thoughts
Final Thoughts
Written by John Packard
April 29, 2015
For those asking about Steel 101, we will close registration to our Chicago (Merrillville, Indiana) workshop at the end of this coming week. Details on the workshop can be found on our website or you are welcome to contact us: info@SteelMarketUpdate.com.
With some luck we will hopefully have registration up and running for our 5th Steel Summit Conference on our website sometime on Friday (tomorrow). We are going to have a great program and I want to invite all of you (and your friends) to join us in Atlanta on September 1 & 2 (actually you need to come in the night before and join us at the hotel bar for some networking).
Keeping it short this evening…
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 short tour of key dates in the Nippon/USS deal, and what the future might hold.
Final Thoughts
I sort of expected big news last Friday and over the long, Memorial Day weekend. Because that's become more the norm than the exception for steel this year. Sure enough, Trump posted on Truth Social on Friday afternoon that he had given his blessing to a “partnership” between Nippon Steel and U.S. Steel. And then over the weekend we had market moving new on tariffs, this time involving the EU.
Final Thoughts
We're going to have to wait a bit longer for the final outcome of the Nippon/USS deal.
Final Thoughts
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.
Final Thoughts
While I would anticipate market sentiment to pivot and improve if all the questions around tariffs were answered, that still leaves us with a few other factors.