Final Thoughts
April 27, 2018
Final Thoughts
Written by John Packard
This is going to be a crucial week for the steel industry and especially for those trading in foreign steel. As many of you know, President Trump set an expiration date to the country exclusions of May 1, 2018. That is Tuesday, so we should know more about what is going to happen over the next 36 to 48 hours.
We have been hearing that Brazil is close to agreeing to a quota on imports. We are hearing the quota may be 100 percent of the three-year average of slabs (which are used by the domestic mills) and 70 percent for the balance of the steel products.
