Final Thoughts
Final Thoughts
Written by John Packard
May 25, 2018
Welcome back to those who were off for the Memorial Day Holiday here in the United States. If you are extending your time off, well I’m jealous as we are back in the thick of it here at Steel Market Update.
As expected, we didn’t see much movement between the flat rolled steel prices we collected last week and those we gathered during the day today. The key for steel prices is coming at the end of the week when the country tariff exclusions run out for the European Union, Canada and Mexico. All large suppliers of steel and aluminum to the United States.
SMU does not yet know what is going to happen to these specific exclusions. NAFTA partners may get another 30-day pass in an effort to finish negotiations on NAFTA. Trump may decide to lower the boom and end the exclusions. No one is quite sure how to play it and “it” (the decision) is literally less than three days away. USTR Robert Lighthizer and DOC Secretary Wilbur Ross are scheduled to be in Europe this week to see if they can get them to agree to a reduction in shipments… So far, they have resisted.
I will be in my office all week. If you have any questions for SMU, please send them to info@SteelMarketUpdate.com or you are welcome to send them directly to me: 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’ve been getting some calls lately from some of you who want to kick around ideas on where prices might bottom and when.
Final Thoughts
Could an upcoming BRICS meeting spell trouble for President Trump's trade policy?
Final Thoughts
Another record-breaking SMU Steel Summit is in the books. Thanks to all of you – attendees, speakers, sponsors, and exhibitors – for making it possible it in what has been an uncertain year for steel.
Final Thoughts: Steel Summit 2025 has launched!
Steel Summit 2025 has just launched, and we're off to an amazing start.
Final Thoughts
The big show is here again. SMU Steel Summit begins on Monday. This year, like last year, more than 1,500 people will be joining us. And I couldn’t be more excited to have everyone here in Atlanta.