Final Thoughts
Final Thoughts
Written by John Packard
November 13, 2015
Our thoughts and prayers go out to those affected by the events in France on Friday evening. Our hope is that the world can use the events of the past few weeks in order to galvanize efforts to ultimately rid those who would prefer the world in Chaos.
We have opened registration for our Leadership Summit which will be held at the PGA National Resort & Spa in Palm Beach Gardens, Florida on March 7-9, 2016. We remind everyone that we are limiting registration for this event and we have a limited number of rooms blocked. You can register on our website or through our office: 800-432-3475. As with other conferences hosted by Steel Market Update we offer a discount for your SMU membership (this one is $150 per person) and we have another discount for early bird registration ($250 discount good through January 1, 2016).
Our mid-November flat rolled steel market analysis will begin at 8 AM ET on Monday morning. If you receive an email invitation please click on the button which will take you to the questionnaire which is hosted by SurveyMonkey.com.
If you would like to be added to our survey invitation list please shoot me an email at John@SteelMarketUpdate.com.
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As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
Never have I been more certain in declaring that those in the steel industry are less certain now than they thought they’d be at this point before the election.
Final Thoughts
“Trump took to Twitter.” That was a familiar story lead in Trump 1.0. Now it’s “Trump took to Truth Social (or X)." The latest example: President-elect Donald Trump on Monday evening said he was “totally against” U.S. Steel being acquired by Nippon Steel in a post on Truth Social.
Final Thoughts
And so it begins (again). Not to be outdone by Thanksgiving, President-elect Donald Trump has threatened to impose tariffs of 25% on all imports from Canada and Mexico. He also threatened to hit all imports from China with tariffs of 10% - an amount that would come on top of a boatload of pre-existing duties and tariffs.
Final Thoughts
“We’ll always have Paris,” as the famous line in Casablanca goes. And this month, the global steel industry did as well. The Organization for Economic Co-operation and Development (OECD) Steel Committee met in the City of Lights earlier this month. There was also a meeting of the Global Forum addressing excess steel capacity.
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.