Final Thoughts

I spoke with the International Trade Administration this afternoon (Thursday) and they advised me that the OCTG Final Commerce ruling announcement will come out between noon and 4 PM ET tomorrow. The deadline date is today, July 10th but the actual announcement is always made on the next business day. We will receive a copy of the ruling when it is released and we will produce an article which will go in our Premium Level supplement issue which is due to go out tomorrow afternoon anyway (and everyone will get it since we are giving our Executive Level members full access to Premium content).

I understand there was a fire at the ArcelorMittal Dofasco blast furnace on Wednesday evening. The fire was related to the failure of a gas valve at the top of the #2 blast furnace. The fire was quickly extinguished and no one was hurt according to media reports.