Final Thoughts
Final Thoughts
Written by John Packard
February 7, 2018
We are working on an article about what companies are doing with the tax windfall they will be receiving this year. We have noticed a couple of companies like Mill Steel that are giving their employees a bonus check. We would like to include your company in our article should you be doing something special for your employees (raises, bonuses, etc.). Please send any comments, press releases to: Tim@SteelMarketUpdate.com.
We have a few spots left in our March 28-29 Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held just outside of Chicago in Merrillville, Ind. Included will be a tour of the NLMK Portage steel mill. Details can be found on our website: www.SteelMarketUpdate.com/events/steel101.
The Department of Commerce submitted the Section 232 report and recommendations on steel on Jan. 11. By my calculations, we are 28 days into the 90 days that President Trump has to make his announcement.
Here are some of my travel plans over the next couple of months. If you would like to meet with me during the Port of Tampa Conference or the FMA Annual Meeting, please shoot me an email at John@SteelMarketUpdate.com.
I will be at the Port of Tampa Steel Conference on Feb. 19-21.
I will be at the FMA Annual Meeting in Scottsdale, Ariz., at the end of March.
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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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?
Final Thoughts
Given the news about tariffs and bringing back industries to the US, a brief look back in time may show how our economy changes with technological advances and the shifting economies of scale.
Final Thoughts
We’ve talked about tariffs ad nauseam for much of the year. And I’m afraid this topic isn’t going away anytime soon. There’s a feeling that the tariff “can” will just be kicked down the road again and again, and again.
Final Thoughts
Can technology help with pig iron and DRI/HBI tariffs?
Final Thoughts
Tariff-related noise aside, there is one basic factor keeping buyers on the sidelines. Despite recent declines, HR prices remain at historically high levels. And there is no obvious support to keep them there.