Final Thoughts
Final Thoughts
Written by John Packard
November 6, 2015
I will be traveling to New York City tomorrow to participate in the Cowen & Company conference for the financial community. I will return to the office on Thursday morning.
For those of you keeping up with our move – all of the phones are working properly including our main 800 number (800-432-3475). You are also welcome to send emails to: info@SteelMarketUpdate.com should you have questions, housekeeping issues with your account or if you would like to add new people, upgrade to Premium, etc.
We will have more information coming out over the next couple of weeks regarding our Leadership Summit Conference which will be held at the PGA National Resort & Spa in Palm Beach Gardens on March 7-9, 2016. Please mark your calendars as this will be a unique conference at a special location at the right time of the year.
Booking is going well for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held at a brand new Marriott Hotel (just opened its doors last week) in Starkville, Mississippi. The dates are January 19-20, 2016. The hotel is about 20 minutes away from SDI Columbus which will be hosting our mill tour. Registration is open and available online or you are welcome to contact our office.
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
We’ve talked about tariffs ad nauseam for much of the year. And I’m afraid this topic isn’t going away anytime soon. There’s a feeling that the tariff “can” will just be kicked down the road again and again, and again.
Final Thoughts
Can technology help with pig iron and DRI/HBI tariffs?
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Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.