Final Thoughts

Final thoughts
Written by Brett Linton & Ethan Bernard
August 22, 2024
Within the space of a few days, all of us at SMU will be leaving on a jet plane. Wait, that’s not completely true. A couple of SMU staff in the Atlanta area will be driving to Steel Summit 2024. Still, the hour where we kick off the conference is quickly approaching. In anticipation, we are providing one of our handy-dandy crosswords in honor of the event.
So, we’re covering a bit of history, a bit of the present, and having a little fun. Then, come Monday morning, we will be hitting the ground running. Stay tuned for up-to-date market info, riveting speakers, top-notch networking, and—just maybe—a little fun as well.
Lastly, please remember to download the Steel Summit 2024 app! If you haven’t already, go to either the Apple or Android app stores and download it today.
Steel Summit crossword
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Brett Linton
Read more from Brett Linton
Ethan Bernard
Read more from Ethan BernardLatest in Final Thoughts

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.