Final Thoughts
Final Thoughts
Written by John Packard
June 21, 2019
We are starting to receive nominations for the 1st SMU NexGen Leadership Award. We will accept nominations through Aug. 1. Remember, we are looking for those amongst you who have been innovative, creative problem solvers, perhaps creating new systems or leading through troubled times. There are an unlimited number of reasons to nominate one of your 35-year-old or younger employees. If you have any questions, or would like something clarified, please do not hesitate to reach out to me personally: John@SteelMarketUpdate.com
If you would like more information, go to: www.SMUAward.com or you can also find information on our website at www.SteelMarketUpdate.com/Events/Steel-Summit
The next Steel 101: Introduction to Steel Making and Market Fundamentals workshop will be held on Oct. 8-9, 2019, and we will tour the Nucor Gallatin steel mill as part of the workshop. This is our first trip to Nucor Gallatin, which will have the newest coating line in the United States in operation when we tour the facility. We are working on finalizing hotel details and anticipate we will be able to begin taking registrations later this week. There is information about our Steel 101 workshop online at www.SteelMarketUpdate.com/Events/Steel101 or you can ask us at Events@SteelMarketUpdate.com
We are closing in on 750 registrations for the 2019 SMU Steel Summit Conference. There is a new listing of attending companies on our website. If your company is not there, you can register by clicking on this link or you can contact Events@SteelMarketUpdate.com. If you are unsure if you are registered, please contact Events@SteelMarketUpdate.com.
I will be in my office all this week.
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
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.