Steel Products
Final Thoughts
Written by John Packard
February 18, 2013
Monday is technically a holiday in the U.S. but Steel Market Update offices are open. For those who are confused with my travel schedule recently – I am no longer on the west coast – I have returned to our offices on the east coast. I can be reached at 800-432-3475 or by email: John@SteelMarketUpdate.com.
We have begun taking registrations for the next Managing Price Risk workshop which will be held in New York City at the CME (NYMEX) building which is across the street from 1 World Trade Center. Our online registration form and the full program should be online later this week. The workshop is for those involved (or interested in trading) the hot rolled coil futures, options as well as ferrous scrap futures through the NYMEX/CME platforms or OTC (over-the-counter). Andre Marshall, CEO of Crunch Risk, LLC and one of the most active brokers in the HRC and scrap futures markets is our instructor. Working with Andre and myself is the CME Group.
SMU has been conducting these workshops for a couple of years and we find they are excellent for those wanting to gain more exposure and understanding to the derivatives markets and how to use (and not use) them. If you have any questions please feel free to contact me in my office: 800-432-3475.
As always your business is truly appreciated.

John Packard
Read more from John PackardLatest in Steel Products

September energy market update
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.