Final Thoughts
Final Thoughts
Written by John Packard
February 5, 2016
It’s Super Bowl Sunday so I will keep my final thoughts short and sweet. Congratulations to the Denver Broncos for winning the 50th Super Bowl (and giving hope to old football players everywhere).
Now we get to concentrate on the next spectacle that we get to live through this year: the 2016 election (oh yea, there is also something called the Olympics to come as well).
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
Votes were still being counted when this column posted on Tuesday evening. And I’d be surprised if we know who the president will be by the time some of you are reading it on Wednesday morning.
Final Thoughts
Next week promises to be a big week for the country. Could even top the World Series (congrats to the Dodgers). As we all hold our breath to see what happens next, it’s a good time to reflect.
Final Thoughts
It’s official. U.S. Steel has made the first coil at Big River Steel 2 (BRS2). We congratulate the company and all the hard work that went into achieving that milestone. USS said BRS2 would begin shipments to customers this quarter. And we’re assuming those volumes will increase into Q1'25.
Final Thoughts
Nucor said it is seeking $740 per short ton (st) for hot-rolled (HR) coil this week, up $20/st from last week. USS, meanwhile, is shooting for up $30/st for sheet products in general. (USS did not announce a target price for HR.)
Final Thoughts
We all know the American news cycle moves pretty fast. Viral today, cached tomorrow. So it is with the US presidential election on Tuesday, Nov. 5. People have election fatigue. They've moved on to other things like planning holiday parties, debating Super Bowl hopefuls, or even starting to look forward to our Tampa Steel Conference in February.