Final Thoughts
Final Thoughts
Written by John Packard
October 14, 2016
On Monday morning we will begin our mid-October flat rolled steel market survey. We expect to invite more than 550 people representing about 525 companies to participate in this market trends analysis. The invitations should be in your email inbox by 8 AM ET.
We provide a power point presentation putting a good portion of the results into a historical context. The presentation will be available to those who provide responses on Friday of this week. It will also be available to our Premium level members.
We should have the Huntsville, AL Steel 101 workshop up and ready for reservations sometime this week. We will advise once the negotiations with the hotel have been completed. I will be looking forward to seeing you in Alabama for our first Steel 101 workshop of the New Year.
The last presidential debate is Wednesday (thank god) and this election cycle will soon be over – do any of you think the presidential election cycle has been negatively affecting the industry? Send me your thoughts: John@SteelMarketUpdate.com
Speaking of the steel industry on Friday the Wall Street Journal published an article entitled: Donald Trump’s Use of Foreign Steel Undercuts Major Campaign Theme. I have a “cameo” appearance in the article stating the obvious. You can click on the link to see what I and others had to say on the subject.
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
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?