Final Thoughts

Final Thoughts

Written by John Packard


I was very disappointed to hear the news that Carrier Corporation has decided to move their manufacturing and distribution operations in Indianapolis, Indiana to Monterrey, Mexico. As I heard the news I thought about the 2016 AHR Expo show (co-sponsored by ASHRAE and the AHRI) that I attended at the end of January. That show is billed as the “World’s largest HVACR Marketplace” but Carrier did not bother to exhibit.

Carrier was at one time during my active steel sales career one of my largest accounts. I feel sad for the 1,400 workers and their families in Indiana that will lose their jobs as Carrier focuses their business to other areas of the world. I also saw Donald Trump’s comments about Carrier Corporation during the presidential debates (which we have quoted in another article on the subject in this evening’s edition). I would be curious to hear what you think about Carrier’s (and other companies across the U.S.) move to Mexico and its impact on the U.S. steel and distribution industries. You can provide your opinion at: John@SteelMarketUpdate.com.

The European Union targeted Chinese steel as they announce new investigations into Chinese plate, hot rolled and seamless pipes. The EU also announced duties on cold rolled steels for China and Russia. There will be protests in Brussels on Monday against the flood of cheap, subsidized Chinese steel flooding the EU.

I will be in my office on Monday and Tuesday of this week before traveling to Tampa for the Port of Tampa Steel Conference on Wednesday and Thursday. For those of you traveling to Tampa I look forward to seeing you there. I think the weather is suppose to be nice in Florida so those of you coming from the north – enjoy.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

What's the tea in the steel industry this week? Here's the latest SMU gossip column! Just kidding... kind of. Yes, some of the comments we receive in our weekly flat-rolled market steel buyers' survey are honestly too much to put into print. Some make us laugh. Some make us cringe. Some are cryptic. Most are serious. We appreciate them all. Below are some highlights from our survey results this week. Some of the comments that we can share with you are also included, in italics, in the buyers' own words, with minimal editing on our part.