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    Analysis

    January 10, 2018

    Final Thoughts

    Written by John Packard

    There was an interesting article in World Trade Today this afternoon regarding the expectations associated with the Section 232 investigation and the report that will be provided to President Trump by Commerce Secretary Wilbur Ross over the weekend or early next week. WTT reported, “While the final steel report is expected to be delivered to the White House next week, a public release of its findings is highly unlikely,” a source said. “There may be some sort of public acknowledgment, but I doubt the content of the report will be disclosed this month.”

    The key takeaway from what I have been reading is those of you anticipating some form of closure next week may be in for a disappointment. There are some who think the president may act at, or around, his State of the Union address, which is scheduled for Jan. 30.

    John Packard

    Read more from John Packard

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    SMU scrap market survey results now available

    SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.

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    Market chatter: Supply, not price, dominates steel buyers’ concerns

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