Final Thoughts
Final Thoughts
Written by John Packard
September 25, 2015
We will be in Iowa next week for one of our Steel 101: Introduction to Steel Making & Market Fundamentals workshops. We are looking forward to working with SSAB again, as we did a workshop in Mobile, Alabama and toured their Alabama facility. This is our first trip to Iowa.
We are working on ironing out the details on our next Steel 101 workshop which is expected to be in the south in January 2016. We will provide details once they are available.
We also intend to provide more details from last week’s flat rolled steel market analysis in Tuesday evening’s edition of our newsletter.
For our Premium members we will provide our Key Market Indicators in tomorrow’s Premium supplemental issue.
This week will be a busy week for the industry as both US Steel and ArcelorMittal are back at the negotiation tables with the United Steelworkers, as we reported in one of tonight’s articles we will learn if Fiat Chrysler workers vote not to accept the contract and we will have the beginning of negotiations on ferrous scrap prices which are expected to plummet $20 to $50 per gross ton.
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
We're going to have to wait a bit longer for the final outcome of the Nippon/USS deal.
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.
Final Thoughts
While I would anticipate market sentiment to pivot and improve if all the questions around tariffs were answered, that still leaves us with a few other factors.
Final Thoughts
Let's see what SMU survey respondents are saying about Trump's tariffs.
Final Thoughts
The Tariff Town amusement park ride shows no signs of slowing down.