Final Thoughts
Final Thoughts
Written by John Packard
October 24, 2016
We have an article about this in tonight’s newsletter as well but I want to make sure that everyone is aware that our next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop is being held in Huntsville, Alabama on January 24 & 25, 2017. As part of this workshop we will tour the Nucor Decatur electric arc furnace steel mill which produces hot rolled, HRPO, cold rolled and galvanized steels. Our instructors are second to none: John Eckstein (metallurgist, flat rolled), Peter Wright (metallurgist, long products also market analyst), Steve Painter (regional sales manager), Mario Briccetti (engineer/OEM purchasing/consulting) as well as myself (31 years selling & 8 years writing and analyzing the steel industry). You can find more details on our website or feel free to give me a call at 800-432-3475.
I don’t know about you but I am ready to have this presidential election over… Two more weeks to go (is it me or does this one seem like it has been going on for a lifetime?).
I want to welcome those of you who have recently registered for a free trial of our services. Please take some time to acquaint yourself with our website. If you have any questions on the website please contact Brett@SteelMarketUpdate.com or myself at John@SteelMarketUpdate.com.
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
I think all of us know that sometimes courtships go wrong. A misplaced word or deed and soon things can go sideways, and not in the prices sense. Such could be the case with Japanese steelmaker Nippon Steel’s play for U.S. Steel.
Final thoughts
We’re starting to see some impacts of the big trade case filed last week against imports of coated flat-rolled steel from 10 nations. Namely, we’ve heard that a range of traders have stopped offering material from Vietnam. An alleged dumping margin of nearly 160% will do that. Especially amid chatter of critical circumstances.
Final thoughts
The phrase “political football” has been tossed around a lot lately. (Pun probably intended.) For the humble journalists at SMU who thought the week following Steel Summit would prove a quiet one… the news cycle had other ideas
Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
Final thoughts
Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)