Unemployment Rate Fell to 3.8%
The unemployment rate fell to 3.8% when employers added 223,000 jobs in May, reinforcing ramped up expectations for near term growth following favorable reports on April international trade and consumer spending. Wells Fargo Economic Outlook
US Steel to Re-start “A” Blast Furnace at Granite City Illinois Mill
US Steel plans to re-start the “A” blast furnace at its Granite City Illinois mill. The flat-rolled mill had previously announced the re-start of its “B” mill which will re-start melting this month. Both furnaces are being re-started due to increased demand based, they say, on the 232 tariffs.
Nucor Steel Raising Base Prices of Leaded Steel
Nucor Steel will raise base prices on all shapes and sizes of leaded steel by $17.50/cwt ($350 per ton), effective with shipments starting July 2, the steelmaker’s Cold Finish Group announced on June 4.
The move comes on top of a $60 per ton increased on leaded steel announced April 3 and effective June 1.
In addition, we expect forthcoming pricing adjustments on non-leaded select cold finished products related to non-domestic sourcing conditions.”
Within the US only Republic Steel produces hot rolled leaded steels since ArcelorMittal USA idled its Indiana Harbor mill in January 2015. AMM
Consolidating Service Centers
Ryerson Holding has entered into an agreement to purchase Central Steel & Wire, the transaction to be completed in the 3rd quarter of 2018. The move is in line with industry views that the service center industry will enter a period of consolidation, primarily driven by fragmentation within the sector and by the current strength of the steel industry. AMM
US Raw Steel Production Down Last Week
US raw steel production retreated 1.9% last week as mills operated at an ACUR of 74.9%. in the corresponding week last year, mills operated at an ACUR of 74%. Thus far this year mills have produced prox 39,000,000 tons compared to the prox 38,000,000 tons produced in the like period last year.
Say a Prayer for Our Heroes
June 6, 2018, the 74th anniversary of the invasion by United States and allied forces on the beaches of Normandy, France. The Axis forces would soon be destroyed and forced to surrender, but not without an extreme loss of men and women freedom fighters who made the ultimate sacrifice to preserve freedom. Say a prayer for our heroes.
It is time friends, to start thinking about the mid-term elections which are just five months away. Everyone needs to look within themselves and answer the question: “Are you better off now than you were two years ago?” Do you want your taxes raised? Do you want open borders? Do you want the United States to continue to be the foremost beacon of freedom on the planet? Do you want a weaker military in this world wherein rogue nations have or will have nuclear weapons? Do you want more regulation or less? These are just some of the policies in which the Trump Administration has been successful. With a firm majority in the House and Senate, improvements can and will continue to be made. Those on the left wish to reverse all these changes, changes which are good for America and American citizens.
Infrastructure X (Keystone & Dakota pipelines) Regulation Reform XX 1 in 2 out
Individual Tax Reform XX Entitlement Reform
Business Tax Reform XX Education Reform X
Healthcare Reform Veterans Administration Reform X
Rebuild our Military X Trade Reform X
Secure our Borders (The Wall) XX Lead the world from the front XX
Help for the poor XX Drain the swamp X as we speak
Peace through unmatchable strength Support Israel X
Destroy ISIS XX Extreme Vetting XX
Conservative Supreme Court nominees XX American Jobs XX
I will track these campaign promises and will check them off as each is accomplished adding those I have missed as they become apparent. This is quite an agenda and will be difficult to achieve all in one term but I believe the American people are behind him and know these things need to be done. Now, if he can get our legislators to support him instead of fighting him….
“MAKE AMERICA GREAT AGAIN”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”