Final Thoughts

I was “chatting” (by email) with a financial analyst about a number of items earlier today. (How long will price momentum remain with the steel millls? Will a downturn in Chinese numbers creep into the U.S. market, etc.?) One of the items discussed was Section 232 and whether Trump will do anything that would actually impact supply. His belief was Trump may symbolically slap China (which is selling very little steel here now due to AD/CVD actions), but would leave the rest of the world alone. However, most steel buyers still think Trump will do something that includes quotas and duties. After watching the president over the past year, I have no clue what he may (or may not) do. I think when he first asked for the investigation on national security, the result was already known. Now, one year later, the president may not be so sure.

A reminder that we have a limited number of sponsor spots left for this year’s SMU Steel Summit Conference. You can get details and pricing by contacting Jill Waldman at Jill@SteelMarketUpdate.com or myself at John@SteelMarketUpdate.com. We also have about a dozen exhibition spots left, and information and pricing on those can also be obtained through Jill or myself.