Monthly Archives: January 2012
A glimpse of which 2012 North American steel industry developments will have the greatest impact in the market.
Global economic conditions seem to be plunging along with temperatures for much of the developed world. 2011 was a difficult year and will be remembered forever as the year of the sovereign debt crisis; the never ending Eurozone debacle came into sharp focus and so did the increasing US debt burden and the country’s astonishing […]
Jonathan Tulkoff, President of trading and marketing firm Uniwire International, Ltd., discusses the current situation and future prospects for the import/domestic dynamic in the US wire rod market.
Merger and acquisition activity is rarely very exciting—larger companies snapping up smaller companies or competitors to expand their reach or negotiations between two companies during times of financial trouble is nothing new, especially in the steel industry.
This certainly has been a difficult year for most industries and the steel sector is no exception. The first half of 2011 seemed to prove you right and I was about to eat my words, but the second half of the year unfortunately proved me right. I must admit that sometimes I hate to be right, but so be it. The economies in the US and in Europe positively buckled under the debt load and a lot of other economies have either stalled or are on the verge of doing so.
It happens every January (or for the past couple Januarys, at least)—not long after the New Year’s champagne is finished off and the confetti is swept away, members of the steel industry start to wonder if this year will finally be it. In early 2010, the prevalent hope was that things wouldn’t get any worse. […]