Final Thoughts

Final Thoughts
Written by John Packard
May 22, 2015
About a week ago I asked if our readers would mind if we switched from a three day a week schedule to twice a week plus supplemental issues as warranted. We provided a link and to date we have received a modest number of respondents with 90 percent responding they did not have objections to a change and 10 percent advising they would have objections. The total number of respondents to date is not large enough for me to make any decisions and so I am going to leave the survey, which consist of one question, open. I am not tracking specific respondents so anyone who does respond will be anonymous.
Here is the link to the following question: Would you be willing to accept SMU publishing our Executive newsletter twice per week (instead of the current three) with the provision that extra issues will be produced as needed for important breaking news or special analysis?
https://www.surveymonkey.com/r/FD93JVZ
We continue to boost our program having added two more presenters to what is already an impressive program. I encourage everyone reading our newsletter to mark your calendars and block off August 31st (travel day), September 1st and September 2nd with a note “must be in Atlanta for SMU Steel Summit”. For those who already know that you will be attending registration is open and we have a special $200 early bird discount for those who register prior to July 1, 2015. You can register online or you are welcome to contact our office: 800-432-3475.
If you have any questions you are welcome to contact me directly: John@SteelMarketUpdate.com or by phone: 800-432-3475.
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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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.

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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.