Final Thoughts
Final Thoughts
Written by John Packard
October 24, 2018
Earlier today, I spoke to the RIPA/IPANA annual meeting about the steel industry, AD/CVD duties, Section 232 tariffs and a number of our proprietary products. No one fell asleep, which is always a good sign.
I will be back in the office on Friday morning, and with the exception of one quick trip to CRU offices in Pittsburgh, I will remain in my office through the month of November. You will be able to reach me at 772-245-8630 or by email: John@SteelMarketUpdate.com
Note that we are in the process of moving our 800 number to Paige Mayhair in our Pittsburgh office. Paige is handling all customer service and renewal questions. You can reach Paige at 724-720-1012.
We changed the date of our first 2019 Steel 101 workshop, moving it up to Jan. 29-30. The workshop will be held in Starkville, Miss., and will include a tour of the SDI Columbus steel mill. Registration is now open, and you can find details on our website: www.SteelMarketUpdate.com/Events/Steel101
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
John Packard
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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.
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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.