Final Thoughts
Final Thoughts
Written by John Packard
August 10, 2016
On Wednesday morning I received a couple of emails regarding our newsletter that I would like to share with our readers:
“Your newsletter is solid. Lots of real information and educated analysis. Great job. See you soon in Atlanta. Best, Lourenco Goncalves” Mr. Goncalves is the CEO of Cliffs Natural Resources and he and I will have a one-on-one discussion about the industry at our Steel Summit Conference.
An automotive supplier also sent me a note about Tuesday’s issue, “One of the best newsletters all year. The recap of the trade cases was exactly what I needed.” Thank you. We are trying to stay on top of all of the trade suits, Section 337 suit and whatever is going to come next…
We have 17 days to go before the start of our 6th Steel Summit Conference (and those of you who are not going will be so happy when it has come and gone so I don’t keep harping on it). Registrations continue which you can do online at www.SteelMarketUpdate.com or by contacting our office: 800-432-3475 (info@SteelMarketUpdate.com).
It’s a small world. One of the trading companies registered for our conference had to make a change as one of their executives got called to go to Asia. The person replacing their original attendee I have met before – in Brazil in 1986 and I haven’t seen him since. I have a feeling we won’t recognize one another but, I have photos in the mountains outside of Rio as proof. Looking forward to it.
Another reason to attend our conference, you never know who you might meet there.
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
Can technology help with pig iron and DRI/HBI tariffs?
Final Thoughts
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.