Final Thoughts
Final Thoughts
Written by John Packard
June 19, 2017
I have a 4 a.m. wake-up call as Diana, Brett and I head for California to conduct our next Steel 101 workshop. We have a great class and we are looking forward to meeting new people, working with California Steel again and trying to stay cool as temps are suppose to be above 90 degrees (but it’s a dry heat…122 degrees in Palm Springs).
Alison will be in our office in Florida and can be reached at 772-932-7538 or you can send her an email at Alison@SteelMarketUpdate.com. Diana, Brett and I will be checking our emails and will be in constant contact from the air as long as Delta has working WiFi on the plane to LAX.
The Democrats are starting to raise concerns about the lack of transparency with the Section 232 process. There were two updates with Congress cancelled last week and, at the moment, the only one on the books is a June 29 briefing that is the President’s self-imposed deadline to make the announcement.
More fun times to come on this subject, and it may not go the way the domestic mills think it was suppose to go. There is growing resistance both domestic and foreign…
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
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.
Final Thoughts: The long shadow of Ken Iverson
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.