Final Thoughts
Final Thoughts
Written by John Packard
August 19, 2015
You may have noticed that I haven’t been pushing the Steel Summit Conference quite as much as in the past. This is due to the fact that we are coming close to filling the space allotted. We are expecting a full house and a tremendous program. If you would like to attend we have not prevented anyone from registering which you can do online or through our office: 800-432-3475.
I would like to see more people register for our next Steel 101 workshop which will be held in Davenport, Iowa. Those of you in Missouri, Iowa, Minnesota, Kansas, Nebraska, Wisconsin and Illinois here is an opportunity to go through an exceptional program and tour a working steel mill. You can find more details about the workshop and registration on our website. You are also welcome to contact us in our office with questions or to register (and for those of you in the rest of the country you are invited to join us in Iowa as well!).
We will have more survey articles in Sunday night’s edition of Steel Market Update. For our Premium level members we will produce our second Premium newsletter this week tomorrow and we should have the survey Power Point presentation online by Friday afternoon.
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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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.