Final Thoughts
Final Thoughts
Written by John Packard
January 18, 2016
I am pleased to announce that we have been given permission to take our next Steel 101 workshop to Ohio and to tour the Northstar Bluescope steel mill. Northstar Bluescope Steel has an exceptional reputation for both quality and efficiency and we are looking forward to seeing the mill in action. We will have more information about this Steel 101 program online in the coming days.
At this time I am in Mississippi having just finished touring the SDI Columbus steel mill which is the largest EAF flat rolled mill in North America. I can tell you that the mill was running all of their equipment and is projected to set a new production record for galvanized this month. I want to thank Madhu Ranade, General Manager of the Columbus plant and Don Switzer, Head of Commercial as well as the rest of the SDI team for their hospitality and the great job they did showing off their mill to our attendees this afternoon. It was a little cool temperature wise here in Mississippi but, the mill was running hot and a good experience was had by all.
If you would like to have an exceptional learning experience come join us in Ohio in May when we visit Northstar Bluescope Steel and/or in Arkansas in October/early November when we will tour the new Big River Steel…
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
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Final Thoughts
I want to draw your attention to SMU’s monthly scrap market survey. It’s a premium feature that complements our long-running steel market survey. We’ve been running our scrap survey since late January. And over just that short time, it’s become a valuable way not only for us to assess where scrap prices might go but also to quantify some of the “fuzzy” indicators - like sentiment and flows - that help to put the price in context.
Final Thoughts
I think there is an obvious case for sheet and plate prices going higher from here. That’s because, on a very basic level, the floor for flat-rolled steel prices, which is typically provided by imports, is now significantly higher than it was a week ago.
Final Thoughts
We're about to hit 50% Section 232 steel tariffs. What could happen?
Final Thoughts
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