Final Thoughts
Final Thoughts
Written by John Packard
June 10, 2016
A reminder that I will be in New York City beginning on Monday and will not return to my office until late on Wednesday afternoon. I will be attending a number of steel-related meetings and conferences that surround the World Steel Dynamics Steel Success Strategies Conference. I do have some time slots open on Tuesday morning and mid afternoon should you be interested in touching base with me. You can text me or call me at: 770-596-6268 if you happen to have a spare moment. I should be close to the Sheraton Hotel most of the day on Tuesday.
Our next flat rolled steel market trends analysis will begin at 8 AM ET on Monday. If you receive an invitation please take a few moments to click on the button and to complete the questionnaire. We thank you in advance for your time which we know is valuable.
If you have already registered for our Steel Summit Conference – thank you. If you have not, well we highly recommend that you do. Our program is outstanding. The networking will be second to none and even the food will be darn good for a conference… If you have any questions please do not hesitate to contact our office at 800-432-3475 or by email: info@SteelMarketUpdate.com.
Our next Steel 101 workshop will be held in Memphis, Tennessee on November 15-16, 2016 and we will be touring the brand new Big River Steel. Space is limited. Registration is on our website.
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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Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.
Final Thoughts
United Airlines raised eyebrows earlier this month when it provided two forecasts for 2025 – one assuming a relatively stable economy and another assuming a recession. The reason? Uncertainty around the impact of President Trump’s policy shocks on the broader economy. And it sometimes feels like we’re seeing a battle between those two narratives (stable vs recession) play out within in the pages of this newsletter.
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.