Final Thoughts

Final Thoughts
Written by John Packard
May 17, 2017
This evening I attended the Metals Industry Boy Scout Dinner in Chicago. The steel, and now metals industries have supported the Chicago area Boy Scouts for more than 25 years and, once again, there was close to 1,000 mostly steel people at the cocktail party and dinner. This included steel mills, service centers, trading companies, toll processors and many others who are associated with the industry.
One of the main topics of conversation was about the Section 232 investigation and how each company was dealing with the uncertainty contained in this investigation. There are companies who feel the result was known long before the investigation was called for by President Trump. Others think there is no way the manufacturing companies are going to lay down and take the abuse that could come from a limit or elimination of some/all foreign steel.
Uncertainty is the word of the day.
As always, your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher

John Packard
Read more from John PackardLatest in Final Thoughts

Final Thoughts
Will a US-UK meeting next week prove a harbinger of tariff deals to come, or will it be just another case of having the rug pulled from under us?

Final Thoughts
When will we see prime scrap become scarce as the worldwide transition to EAF melting increases, especially for HRC production? It's a question I've been asked a lot.

Final Thoughts: The hidden cost of analysis paralysis in the age of uncertainty
With US economic indicators all over the map, it’s no wonder the steel market has experienced a whole lot of analysis paralysis this year.

Final Thoughts
A recurring theme in conversations with some of you and in the comments submitted in our surveys is concerns about demand and uncertainty around tariffs. Where does SMU’s latest opinion polling on President Trump’s tariffs stand? Let’s take a look at the numbers.

Final Thoughts
I’ve been getting some calls lately from some of you who want to kick around ideas on where prices might bottom and when.