Steel Products
Final Thoughts
Written by John Packard
August 14, 2013
On Monday we will begin our mid-August steel market survey. If you receive an invitation we hope you will spend a few minutes and click on the link provided in the invitation and respond to our questionnaire.
As mentioned late last week our Steel 101 workshop is sold out and we have at least one person on a waiting list. We will make an announcement regarding next year’s schedule in the coming weeks.
As mentioned in our first article regarding Mario Longhi becoming U.S. Steel’s next CEO his first challenge may well be the negotiations with the Lake Erie Works union which has been locked out by the company for a number of months. With the change in management and the union traveling to Pittsburgh we have to assume something will get done and an agreement will be made with the union. If that happens it would most likely be close to the end of September before the Lake Erie plant could be back to full production.
A quick reminder that most, if not all, of our graphics and tables included in our articles are “clickable” so you can see them in a larger format.
We continue to gather new testimonials for our new website. If you have some good words about Steel Market Update, our product and/or our people please send it to: John@SteelMarketUpdate.com. We thank you in advance for your kind words.
As always your business is truly appreciated by all of us here at Steel Market Update.
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.