Final Thoughts
Final Thoughts
Written by John Packard
May 13, 2015
Short comments this evening as I am attending the Metals Industry Dinner (Boy Scout Dinner) in Chicago. The sentiment within the room was mostly optimistic, although there were a number of conversations about April not being a great month or not meeting expectations. This would help explain some of the weakness seen in the MSCI data which was reported earlier today.
There were a number of conversations about the upcoming negotiations between the USW and ArcelorMittal and US Steel. The thoughts were that AM would once again take a strict tone in negotiations.
The other issue being discussed was what were the chances for dumping suits to be filed. The opinions were running high that dumping suits would be filed soon – but, no one knows when “soon” will come. As Andre Marshall stated in his futures article this evening there has been a lot of “blah, blah, blah…” when it comes to the conversation about dumping suits. This conversation is well over a year old with no suits having been filed to date.
Congratulations to Lori Hahn of Steel Dynamics for receiving the Good Scout Award this evening for her work on the Boy Scout Dinner and raising money for scouting.
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: Pig iron ‘sideways’
What the word "sideways" means can depend on where you sit on the procurement spectrum.
Final Thoughts: Happy birthday SMU
Steel Market Update is proud to celebrate its 17th birthday this month.
Final Thoughts
We’re in the dog days of summer, and the question is whether the market will improve as lead times stretch into September. Your answer to that question might depend on where you are in the supply chain. And producers, it seems to me, are a lot more optimistic than consumers at the moment.
Final Thoughts
We're less than a month out from Steel Summit 2025. Have you already signed up?
Final Thoughts
A scrap trader looks back fondly at blast furnace steelmaking.