Final Thoughts

Final Thoughts

Written by John Packard


So, just when you think everything is going along very smoothly somebody or something throws you a curve. In business you should be used used to it, you should expect them. we had one thrown at us on Tuesday and Wednesday when an upgrade we were making to our software unexpectedly impacted our Steel Summit registration system. Nice timing. Just as our early bird discount was about to expire customers weren’t able to register.

To make up for the blip in the system (which has been corrected) we have extended our early bird registration period until the end of business on Tuesday, July 21st.

A note about the ITC commissioners vote – when speaking with attorney Lewis Leibowitz this evening (he is quoted in the ITC article in tonight’s issue) – he mentioned that critical circumstances does not appear to be on the table. Trading companies should confer with their attorneys.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

 

 

Latest in Final Thoughts

Final Thoughts

Even before the news about Mexico, I didn’t want to overstate the magnitude of the change in momentum. As far as we could tell, there hadn’t been a frenzy of new ordering following President Trump’s announcement of 50% Section 232 tariffs. But higher tariffs had unquestionably raised prices for imports, which typically provide the floor for domestic pricing. We’d heard, for example, that prices below $800 per short ton for hot-rolled (HR) coil were gone from the domestic market – even for larger buyers.