Final Thoughts
Final Thoughts
Written by John Packard
November 20, 2015
This week is Thanksgiving (Thursday) and we are one month away from the Christmas Holidays as well. Here is what our publishing schedule will look like over the next five weeks or so. We will publish on Tuesday of this week and then we will not publish again until the following Tuesday, December 1st. We will continue to follow our normal publishing pattern until we get to the week of Christmas. We will publish on both the Sunday and Tuesday prior to Christmas (December 20 & 22) and we will not publish on Christmas eve (24th). We will publish again the following Tuesday, December 29th and we will not publish on New Year’s Eve (December 31st). We will go back to our normal Sunday, Tuesday, Thursday rotation on Sunday, January 3, 2016.
However, should there be any breaking news that we feel must be covered we will do so in an abbreviated issue.
We began picking up our first registrants for our Leadership Summit which will be held at the PGA National Resort & Spa in Palm Beach Gardens, Florida. So far those registering or indicating they will be attending are company presidents or corporate executives. If you would like to be added to this select group you can do so online or through our office: 800-432-3475. We will continue to roll out more details in a variety of ways over the next couple of weeks.
We also have registration open for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held in Starkville, Mississippi on January 19-20, 2015. This workshop will include a tour of the SDI Columbus steel mill and we expect it to be an exceptional program. Registration can be made online or through our office: 800-432-3475.
If you are located in an area known for cold, snow and ice – places like Mississippi (in January) and Florida (in early March) should sound like the place to be. Come join us.
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
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.