24 Sep 2015 | 09:31 UTC — Insight Blog

Waiting for Good Dough: A steel tragicomedy

author's image

Featuring Tom Balcerek


Hank Steel, sitting on a low mound of trade publications, is trying to take off his wing-tip shoe without untying it, panting. He gives up, exhausted, tries again.

Enter Bobby Mallaferro.

HANK: (giving up again) Nothing to sell.

BOBBY: (slowly approaching with an empty order book) Duh! Been like this a few months now. I tell myself, Bobby, be reasonable, somebody’s got to want some steel somewhere. (He broods, musing on sheet specs) Cyclical! Hah!

HANK: I’m glad to see you back. Mustn’t have been any shrimp at the reception.

BOBBY: (sitting down, rubbing his forehead) No leads either.

HANK: Want to hug it out?

BOBBY: (irritably) No. Not now.

HANK: Where did you sleep?

BOBBY: Motel 6. Outside Buffalo. (brightens) I saw a flatbed with a pup coil on it. Going to an end user, I bet. There are usually two.

HANK: Two what?

BOBBY: Coils. Two sheet coils on a flatbed. Remember?

HANK: (gloomily) It’s too much for one man. Too much inventory that’s not moving. On the dock. On the floor. On the boat. Under the bed, for chrissakes!

BOBBY: (feebly) We have the trade cases and the union could go on strike. Or get locked out. There could be a work stoppage. The mills want to cut costs . . .

HANK: (angrily) Would you help me with this shoe? They don’t make Florsheims like they used to. Motel 6, eh? Geez!

BOBBY: (rising) Are you making fun of me? My back hurts. The travel budget is gone.

HANK: We used to stay at the Waldorf eating shrimp.

BOBBY: Suppose we repent?

HANK: (yanking the shoe free) No. Dammit. It’s the market. Not us. Not steel. Everybody loves steel. We have to wait for the market!

BOBBY: Will it be back?

HANK: The flatbed?

BOBBY: (sitting down gingerly in a wobbly office chair, one wheel missing) No. The market.

HANK: I suppose.

BOBBY: (looking around the service center, his head moving this way and that, and then swiveling fully around in the chair) Steel everywhere! I thought we were hand-to-mouth.

Enter Bill Rebarski, lugging a sack of shredded scrap.

BILL: Look what I found. It was just outside the door. No one wants it. The price is going down.

BOBBY: Of course it is! We’ve been waiting months.

BILL: Waiting for what?

HANK: The market. For the market to come back.

BOBBY: It always comes back

HANK: Yeah.

BILL: How long will you wait?

HANK: (untying his other shoe and throwing it to the floor) Till whenever. It always comes back.

BOBBY: Yeah, the market always comes back. So we’ll wait . . .


Request a free trial of: Steel Markets Daily Steel Markets Daily
Steel Markets Daily Platts Steel Markets Daily is a leading source for scrap metal prices and iron ore news and prices. It is the only publication that publishes global metallurgical coal spot prices on a daily basis and contains two iron ore price benchmark assessments in one report: Platts IODEX and TSI 62% iron ore.
Request a trial to Steel Markets Daily