Final Thoughts
Final Thoughts
Written by John Packard
April 15, 2016
This week’s newsletters may seem a little “muted” compared to the past, this is due to my right hand man – Brett Linton – being on vacation. Brett is the one responsible for keeping track of all of the data points and graphics in both the newsletter and website. He is also responsible for crunching many of the data points we collect out of our surveys and other proprietary products we have. Brett will be back next weekend so please bear with us as we push on without his talents adding the explanation points to our articles.
There will be a larger than normal Premium supplemental issue of our newsletter first thing tomorrow morning. The issue will include extra analysis of the service center inventories and shipment data including our Apparent Excess forecast.
We will begin our next flat rolled steel survey first thing in the morning as well. If you receive an invitation to participate please take a few moments to click on the button to go to our questionnaire.
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
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.
Final Thoughts
While I would anticipate market sentiment to pivot and improve if all the questions around tariffs were answered, that still leaves us with a few other factors.
Final Thoughts
Let's see what SMU survey respondents are saying about Trump's tariffs.
Final Thoughts
The Tariff Town amusement park ride shows no signs of slowing down.
Final Thoughts
Cliffs came tantalizing close to buying U.S. Steel in 2023. There were rumors in 2024 that Cliffs might buy NLMK USA before it ultimately purchased Stelco for $2.5 billion in November of last year. Who would have thought that asset sales would have been the focal point of discussion just six months later?