Final Thoughts
Final Thoughts
Written by John Packard
September 18, 2015
As we have mentioned in a recent article, there has been an intentional change in the scope language associated with the cold rolled and hot rolled antidumping and countervailing duty suits. The change in the language appears to add parts that are not part of Chapter 72 of the Harmonized Code (iron and steel). Of concern to manufacturing companies is that the scope language may include some manufactured parts that were previously not included.
We received a copy of the petitioners (steel mills) responses to comments made to the U.S. Department of Commerce regarding the changes to the scope comments. The domestic steel industry asked that the US DOC ignore the comments and not to allow any exclusions to the cold rolled suit.
We will have much more detail about the scope language and how it could impact manufacturing companies, service centers and even some steel mills when we get into the hot rolled case.
This subject will also be covered in depth at our new Leadership Summit Conference which will be held in Palm Beach Gardens, Florida in early March. We will have more about this new conference intended for corporate executives in future issues of this newsletter and on our website. I will tell you that the idea behind the conference is to go into more depth in a few subject areas to the point where the attendees have actionable information that they can take back to their offices. This is not for everyone and we are going to limit attendance so that each person can receive as much one on one information, responses to questions, etc.
For those of you who may have been debating about attending a Steel 101: Introduction to Steel Making & Market Fundamentals workshop we still have seats available for our October 6-7th workshop in Davenport, Iowa. We will be touring the SSAB mini-mill. Information is on our website or you can contact our office: 800-432-3475 or info@SteelMarketUpdate.com
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
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!