Final Thoughts

Final Thoughts
Written by John Packard
August 19, 2019
Six days to go…
Today, I had a long conversation with Ryan Smith who is the Global Costing Analyst for CRU. Ryan is based out of Australia and will be joining us in Atlanta next week when he will speak about the advantages and disadvantages the domestic steel industry has, and domestic steel buyers need to consider. My conversation with Ryan was fascinating as we discussed where the domestic industry is on the cost curve and what some mills are doing right, and what they could do better. I think if you are a steel buyer, you will be quite interested in Ryan’s presentation, which will come on Wednesday morning at 8 AM.
There is still time to register for the SMU Steel Summit Conference, which you can do by clicking on this link.
All eyes are on Atlanta at this point. The speakers are ready to go, and I am getting closer (the last few days are always the worst for me as I try to make sure all preparations have been made).
I will be leaving my office on Thursday of this week and will not return until next Friday.
If you have any questions about renewals, upgrades or subscribing, please contact Paige Mayhair at 724-720-1012 or by email at Paige@SteelMarketUpdate.com
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO

John Packard
Read more from John PackardLatest in Final Thoughts

Final Thoughts
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.

Final Thoughts
Are we on the cusp of sorting out the tariff situation, or is this merely another round in the bout?

Final Thoughts
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).

Final Thoughts
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.