Final Thoughts
Final Thoughts
Written by John Packard
October 10, 2016
In this evening’s edition we have included a number of articles that would normally go to just our Premium level members. We thought that our Executive level members would like to get an idea of some of the articles and data they are missing. Included in that list is the Power Point presentation of our flat rolled steel market trends analysis (survey) which was released on Friday afternoon to our Premium level members. Tonight we have included articles on Shipments & Supply, GDP and Imports by Product, Port & Country. If you have any questions about Premium level membership please contact our office at 800-432-3475 or by email at info@SteelMarketUpdate.com
A note to those of you who will be attending Fabtech or the ASD annual meeting in Las Vegas in November. John Eckstein (metallurgist and SMU instructor) and I will be presenting a 2-hour taste of our Steel 101 workshop on Friday morning, November 18th at the Las Vegas Convention Center. The workshop is free. If you have any questions about what we will be discussing, please send us an email at: info@SteelMarketUpdate.com.
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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Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.
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Maybe some of this uncertainty will get ironed out ahead of Liberation Day tariffs resetting higher rates on July 9. But if I had to place a wager, it would be on more drama and last-minute brinksmanship - whether it comes to the Liberation Day tariffs or the various Section 232s that are in the works.
Final Thoughts
What should you keep your eye on, considering the latest geopolitical events?
Final Thoughts
Not many people in the North American steel market had direct US involvement in another Middle East conflict on their bingo card. Prices weren't expected to shoot higher unless something unexpected happened. That unexpected something has now happened. And there is talk of oil at $100 per barrel. What does that mean for steel?
Final Thoughts
Now that the USS/Nippon deal has been completed, what's next?