Final Thoughts
Final Thoughts
Written by John Packard
December 18, 2015
This will be a busy week – at least the beginning of the week. We have the US Department of Commerce scheduled to release Preliminary Determinations on Heavy Walled Rectangular Welded Carbon Pipes and Tubes from Turkey on Monday. On Tuesday (vote will be on Monday) the US DOC is scheduled to release antidumping (AD) Preliminary Determinations on corrosion resistant steels (galvanized/Galvalume). The CORE announcement will be a critical one for the domestic steel industry and will most likely clear a path (provide a road map) for the cold rolled and hot rolled AD determinations to follow. Our expectation is for China to be hit hard while other countries will be not so much (or none at all).
This is also the week of Christmas and at the end of next week is New Year’s Eve. Both of these events will impact our publishing schedule. We will publish again on Tuesday, December 22nd and then we will not publish another Executive level issue until the following Tuesday, December 29th unless something happens that needs to be covered and brought to the attention of our customers. We will not publish on Thursday, December 31, 2015 and will have a limited issue on the following Sunday (end of month data), January 3, 2016.
A reminder, we have a few spots open for our next Steel 101 workshop which will be held in Starkville, Mississippi and will include a tour of the SDI Columbus steel mill. The dates for the workshop are January 19-20, 2016. You can find details on our website or you are welcome to contact our office: 800-432-3475.
If you are planning on taking an extended holiday over the next week or two, please enjoy your friends and family and be safe. We are looking forward to seeing you again in the New Year.
As always your business is truly appreciated by all of us here at Steel Market Update.
Happy Holidays.
John Packard, Publisher
John Packard
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Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
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Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)
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I want to say a huge ‘thank you’ from all of us at SMU to all of you (more than 1,500!) who attended Steel Summit this year. We appreciate you taking time out of busy schedules to join us – whether that was up on stage, submitting thoughtful questions, or catching up over a drink and bite to eat. Also, a bit shoutout to everyone at SMU and at CRU who made this event possible. It’s no understatement to say that we have a fantastic team.
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Day one and two of SMU's Steel Summit 2024 are officially in the books. We covered a lot of ground, and the agenda sure did deliver.