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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The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
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Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?
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I’m not sure how many different ways I can write that it’s been a quiet market ahead of Independence Day. There are variations on that theme. I’ve heard everything from the ominous “eerily quiet” to "getting better" and even the occasional “blissfully unaware” (because I’m enjoying my vacation).
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What's going to be the next big thing in steel?
Final Thoughts
Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.