Final Thoughts
September 19, 2018
Final Thoughts
Written by John Packard
First, I must warn steel buyers that the USW may be losing patience with U.S. Steel and ArcelorMittal USA. We are monitoring the individual locals and we will report when we think something is going to break. The question right now is how long a leash is the union offering? As I said the other day, President Trump did not do U.S. Steel and AMUSA any favors by announcing tariffs on steel when he did. You have to make hay when you can which puts the leverage with the union members… Stay tuned.
It has been awhile since I spoke about some of the proprietary products Steel Market Update produces on a regular basis. Over the years, we have probed the market through various means to better understand market trends and what is driving steel prices, demand, supply, negotiations, etc.
