Steel Products
Final Thoughts
Written by John Packard
February 8, 2013
I am finding the current market conditions a bit “unusual.” Foreign prices appear to be within the range which would allow domestic mills to get price increases. Read Andre Marshall’s article on the Futures markets above. The whole world market is not quite right at the moment. The world scrap markets suggest China is the one out of whack…
Lourenco Goncalves sitting in a rocking chair watching TV sipping on an ice tea and enjoying his retirement…? Somehow the visual doesn’t quite fit. Maybe he would like to write a few articles for SMU – I know he has some opinions about the industry – help keep us all on our toes…
SMU has one (1) spot left in our Columbus, Mississippi workshop at the end of the month. If you have any questions please contact our office at 800-432-3475 or contact me personally: John@SteelMarketUpdate.com
As always your business is truly appreciated.
John Packard
Read more from John PackardLatest in Steel Products
Active rig count declines in US, Canada
Oil and gas drilling activity slowed in the US and Canada this past week. An unfamiliar trend after both regions saw repeated gains of late.
Plate market buzzes with rumors of secret deals from mills
Carbon steel plate market participants suspect that this week’s modestly softer prices are the result of quietly negotiated prices between plate purchasers and mills.
HR Futures: Forward curve shifts lower, structure maintains
Scraping lower-quartile $800s on nearby futures is bringing limited trading ideas for CME hot-rolled coil (HRC) at present.
Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.
SMU Week in Review: Aug. 11-15
With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this week and a few things to keep an eye on.