Final Thoughts
Final Thoughts
Written by John Packard
March 23, 2013
On a personal note I want to wish Joel Mazur much success in his new position as President of CENTRIA. For those of you who do not know this, Joel Mazur was president of Winner Steel while I was still an agent for the steel mill (Winner Steel is now called Sharon Coatings and is part of the NLMK USA group).
Our next Steel 101: Introduction to Steelmaking & Market Fundamentals workshop will be held in Canada in early June. We have just received confirmation from ArcelorMittal Dofasco that our group is welcome to tour their fully integrated steel mill. Our workshop will be headquartered at a local Hamilton, Ontario, Canada hotel. We will advise the exact dates in early June for the two day workshop once the mill has advised us of their maintenance schedule. Hamilton, Ontario, Canada is located across the border from Buffalo, New York. U.S. citizens will need to bring your passports to cross into Canada.
We still have openings in our next Managing Price Risk workshop which will be held in New York City on April 26th. Details can be found on our website: www.SteelMarketUpdate.com or you can contact our office: info@SteelMarketUpdate.com
By the way – has anybody seen spring anywhere…?
Thank you to everyone who completed our steel survey. Next one will begin on April 1st (no kidding).
As always we truly appreciate your business – thank you.
John Packard
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Final thoughts
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!