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    Analysis

    Ethan Bernard, SMU Team

    October 14, 2025

    Final Thoughts

    Written by Ethan Bernard

    Nothing focuses your mind like sunshine and a caipirinha. After my last Final Thoughts a couple of weeks ago, I was able to take a short vacation in Rio de Janeiro. Not a bad place to sit by the beach and collect your thoughts.

    For those who don’t remember (probably quite a few), my last article dealt with the US tariff focus while much of the rest of the developed world remains full-steam on decarb. This was at the International Iron Metallics Association (IIMA) meeting in São Paulo, Brazil.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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