Final Thoughts

Late last week we got word from a steel buyer that the Indian steel mill – Uttam – was advising their customers of their intention to discontinue exports of light gauge galvanized steel to the United States. I did contact Uttam USA offices for comment and, as of this evening, I had not yet received official word. If Uttam leaves the market there could be a tightening in the ultra light gauge galvanized markets. Look for more tons to come from the United Arab Emirates (UAE) and South Africa. The Air Distribution Institute (ADI) was one of the groups testifying before the US Department of Commerce regarding the lack of supply of ultra light gauge galvanized (.010″-.012″) needed to produce furnace pipe and fittings for the mechanical contractors.

I am looking forward to traveling out to the West Coast and to California Steel Industries (CSI) as SMU conducts our next Steel 101: Introduction to Steel Making and Market Fundamental workshop. We have a great class with registrations coming from as far away as Singapore. We have room for a couple of more attendees should you, or someone from your company be interested. Please contact Brett Linton or myself at info@SteelMarketUpdate.com and we can get you information about the class, what to expect, costs and how to register.