Final Thoughts
Final Thoughts
Written by John Packard
May 23, 2016
the U.S. Department of Commerce will release their Final Determination on the corrosion resistant antidumping and countervailing duty trade suit on Wednesday, May 25th (not today). We will have a full report once we receive the announcement on Wednesday.
Steel Market Update will not publish our newsletter on Sunday, May 29th due to the Memorial Day Holiday. We will return to our normal publishing schedule on Tuesday, May 31st. We will begin our early June flat rolled steel market trends analysis on Tuesday morning as well.
For those of you who are interested in learning more about the hot rolled futures markets the CME Group has asked me to pass along an invite to their New York City Manage Your Price Risk forum at the Park Central Hotel on Monday, June 13th. You can register by clicking here (you made need to be logged into our website for the link to work properly).
I will be in New York City on the 13th and 14th of June as I attend a number of functions around the Steel Success Strategies conference. I am booked solid on the 13th but have some time available on Tuesday the 14th if anyone would like to have breakfast or share a cup of coffee. Just drop me an email at: John@SteelMarketUpdate.com
Don’t forget while in New York talk up our Steel Summit Conference…
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final thoughts
Sometimes a journalist’s life comes with unexpected perks. That is, beyond the day-to-day of writing stories, a wayward email can come across the Inbox with an attractive invite, and the promise of free food.
Final Thoughts
There has been almost an assumption that US mills would get the $950-1,000 per ton ($47.50-50 per cwt) they were seeking on HR base and $1,150-2,000 per ton ($57.50-60 per cwt) for cold-rolled and coated base. Recall that Cliffs initially announced an increase and said it was seeking $1,000 per minimum for hot-rolled coil. Nucor […]
Final Thoughts
United Auto Workers (UAW) members have ratified a new labor contract with Detroit-based General Motors, the largest US automaker. In other words, the UAW strike that began on Sept. 15 - and that rattled the steel industry in the months leading up to it - is almost in the rear-view mirror.
Final Thoughts
Sheet prices are up again. That shouldn’t come as a surprise on the heels of mill price hikes, scrap settling up and expected to move higher over the next few months, and inventories – as our premium subscribers will learn tomorrow – moving lower for a third month.
Final Thoughts
Cleveland-Cliffs announced it would seek a minimum base price of $1,000 per ton ($50 per cwt) for hot-rolled coil (HRC) on Nov. 7. Nucor said a day later that it was aiming for $950 per ton. Why didn’t Nucor follow Cliffs up to $1,000 ton? I think there might be some possible answers in our […]