Final Thoughts
Final Thoughts
Written by John Packard
August 29, 2013
The Association of Steel Distributors (ASD) will host a Regional Meeting at the Ritz-Carlton Hotel in Cleveland, Ohio on Thursday, September 12th. The keynote speaker for the evening is Ohio Governor, John Kasich. Go to the ASD website for more information and registration: www.SteelDistributors.org.
The ASD will also host their Annual Fall Conference at the Encore Resort at the Wynn Hotel in Las Vegas, NV on October 24 through October 26, 2013.
The Metal Service Center Institute (MSCI) will hold their annual Steel Summit Conference in Schaumburg, IL at the Marriott Renaissance Schaumburg Convention Center Hotel. The conference will be held on September 9th and 10th. For more information got to the MSCI website: www.MSCI.org.
Monday, September 1st is Labor Day and Steel Market Update will not publish again until Tuesday evening, September 2nd.
We will begin our next steel market survey on Tuesday morning, September 2nd.
Our next Monthly Newsletter (Volume 1 issue 2) will be published early next week. We will provide a copy to our existing members. For those who are interested, the cost for an annual subscription to the Monthly Newsletter will be $300. I have had a couple of companies mention that it would be perfect for the president or CEO of their company…
For those in the U.S. enjoy the long Holiday Weekend as summer begins to wind down.
For all of us here at Steel Market Update we truly appreciate your business and support. We couldn’t have lasted this long without 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!