Brazil’s annual Section 232 slab quota has reset, a move that is likely to at least partially relieve a supply squeeze that has sent U.S. sheet prices to their highest point in more than 12 years. Brazil’s Section 232 slab quota for 2021 is approximately 3.86 million tons, according to information from U.S. Customs and […]
There seems to be an erratic but discernible move toward more normal international trade policy. The last four years was anything but normal. Consider the following: • After World War II, the United States found itself in a preeminent position in the world. Nearly half of the production of goods and services in the world […]
Last Thursday, policy wonks observed the confirmation hearing of Katherine Tai to be the new United States Trade Representative, replacing Robert Lighthizer. When a new administration takes over, the previous leadership departs at noon on Jan. 20 and “acting” leadership assumes authority, but generally not much power. The new team is nominated, typically on Jan. […]
“Life’s full of tough choices, innit?” Ursula, The Little Mermaid (1989) That memorable cinematic line brings to mind the dilemmas of trade, diplomacy and national security. Economic interests sometime interfere with military and human rights considerations. Add the COVID pandemic into the mix, which has profoundly affected international commerce. First, the changes in international trade […]
An interesting feature of trade remedy law, by which I refer to as antidumping, countervailing duty, safeguards and Section 232 import “adjustments,” is alleged circumvention of these orders. Readers have asked questions about this subject, which can catch downstream users and importers unawares. Circumvention refers to processing goods that are subject to trade restrictions (duties […]
Every so often there are ideas (but rarely new ones) to “reform” international trade laws. Mostly, the interests that have the ear of Congress (domestic producers of steel, for example, and organized labor) put forward their ideas. Less often, interests that employ more Americans in manufacturing put theirs forward. The two sides of the divide […]
Count me as an optimist—that events move, sporadically and inconsistently, but generally toward progress. I received a lot of messages during the past week that wondered openly whether talks between the United States and the European Union might lead to an end to the steel and aluminum tariffs that have been in effect since 2018. […]
As we enter the New Year registrations are starting to accelerate for the 32nd annual Tampa Steel Conference which will be held virtually on February 2nd of this year. We currently have 150 registrations, and we expect 300-500 attendees once the conference opens. Here are the companies registered. Those with an asterisk (*) next to […]
Steel Market Update is pleased to announce that veteran steel reporter Michael Cowden has become the newest member of the Steel Market Update team. Michael has joined SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is well respected within […]
As we enter the New Year, registrations are starting to accelerate for the 32nd annual Tampa Steel Conference to be held virtually on Feb. 2. We currently have close to 200 registrations, and we expect 400-500 attendees once the conference opens. Here are the companies registered. Those with an asterisk (*) next to their name means they […]
John Packard, President & CEO of Steel Market Update discusses changes being made at the company, events on the books for 2021, and the status of the flat rolled and plate steel markets – including steel price commentary: As we enter the New Year (goodbye 2020, welcome 2021), you will notice changes to Steel Market […]
Steel Market Update is pleased to announce that on Jan. 4, 2021, Michael Cowden will become the newest member of the Steel Market Update team. Michael will join SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is […]
Steel Market Update is pleased to announce that on Jan. 4, 2021, Michael Cowden will become the newest member of the Steel Market Update team. Michael will join SMU as Senior Editor where he will bring his experience reporting on flat rolled and plate markets, steel pricing, news and steel-related human-interest stories. “Michael Cowden is […]
The Tampa Steel Conference will be conducted virtually for the first time in its 32-year history. The 2021 conference will be held on Feb. 2 and will be an all-day event. We encourage everyone to register for what promises to be both an entertaining and timely event. Steel Market Update and Port Tampa Bay are pleased […]
The Tampa Steel Conference will be conducted virtually for the first time in its 32-year history. The 2021 conference will be held on Feb. 2 and will be an all-day event. We encourage everyone to register for what promises to be both an entertaining and timely event. Steel Market Update and Port Tampa Bay are pleased […]
Steel Market Update wants to make you aware of some of the events we have planned for early 2021 as well as the 2021 SMU Steel Summit Conference, which will be (fingers crossed) a live event at the end of August. Steel Hedging 101: Introduction to Managing Price Risk Dates: Jan. 26-27 (half day workshop […]
The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at SteelMarketUpdate.com, visit the Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” The historical survey results presentations also are available in the Survey Results section for “Survey Results History.” If you […]
Before we slide into the Christmas and New Year vacations, we want to make you aware of some of the events we have planned for early 2021 as well as our SMU Steel Summit Conference, which will be (fingers crossed) a live event at the end of August. Steel Hedging 101: Introduction to Managing Price […]
What to expect at the Tampa Steel Conference 2021 Virtual Conference Home About Speakers Agenda Register What to expect at the Virtual Event With the 32nd Tampa Steel Conference beingh held as a virtual event in 2021, many of you may have questions about the virtual platform and how it will work. If you attended the SMU Steel Summit this […]
Registration is in full swing for the 2021 Tampa Steel Conference, which will be held virtually on Feb. 2, 2021. Here are just a few of the companies already registered to attend (those with an asterisk * mean more than one person is registered for the event): All Metals*, ArcelorMittal Dofasco*, Bank of America Merrill […]
The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at SteelMarketUpdate.com, visit the Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” The historical survey results presentations also are available in the Survey Results section for “Survey Results History.” If you […]
Let’s play “fun facts.” Last week Steel Market Update published our average hot rolled steel spot price as $885 per ton ($44.25/cwt). With the domestic steel mills asking $900-$960 per ton for new orders of spot (if they are offering at all, which is a separate issue all by itself) SMU expects HRC spot prices […]
We will welcome Spencer Johnson of StoneX next week as the guest speaker for our SMU Community Chat. The webinar will be held on Wednesday, Dec. 16, at 11 a.m. ET. The webinar is free to anyone who is interested in the flat rolled (and plate) steel markets, as well as those interested in the […]
Steel Market Update will welcome Spencer Johnson of StoneX at 11 a.m. ET on Wednesday, Dec. 16, as the guest speaker for the next SMU Community Chat. The webinar is free to anyone interested in the flat rolled and plate steel markets, as well as those interested in learning about futures and managing price risk. […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
Steel Market Update is working in partnership with Port Tampa Bay to conduct the 32nd annual Tampa Steel Conference which will be held virtually on Feb. 2, 2021. We will host the event on a platform similar to the one used for the SMU Steel Summit Conference in August. This platform provides unique networking opportunities for […]
2020/2021 Workshops and Conferences Schedule The next nine months will be busy for Steel Market Update as we conduct two conferences (one virtual and one live), and we have currently scheduled five workshops. We anticipate the number of workshops will grow as the year progresses. We have added new hedging workshops and the Tampa Steel […]
2020/2021 Workshops and Conferences Schedule The next nine months will be busy for Steel Market Update as we conduct two conferences (one virtual and one live), and we have currently scheduled five workshops. We anticipate the number of workshops will grow as the year progresses. We have added new hedging workshops and the Tampa Steel […]