Final Thoughts
Final Thoughts
Written by John Packard
December 21, 2015
The news today (late today) is all about the antidumping Preliminary Determination announcement made by the U.S. Department of Commerce. China hit hard (they don’t participate as they think they are going to get hit no matter what), Taiwan nothing and the others (Korea, India and Italy) were hit with modest AD duties.
The battle is not over and these are not the final numbers. We still have US DOC Final Determinations and the ITC Final Ruling which will both come in late spring 2016. Understanding these rulings and how they will impact your business is part of our Leadership Summit Conference which I hope you are all planning on attending… If not, call me (800-432-3475) and I will give you a dozen reasons or more on why your company would be well served in attending. Early bird rates have been extended to January 9th.
A reminder that we will not publish an Executive level newsletter until next Tuesday due to the Christmas Holidays. We will publish a Premium issue tomorrow (Wednesday).
I may also publish a single special article with more information about the CORE (corrosion resistant) AD ruling and what it means either tomorrow or shortly after Christmas.
Enjoy the Christmas Holidays with family and friends.
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
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!