Final Thoughts
Final Thoughts
Written by John Packard
September 22, 2013
I will be in Chicago on Monday and Tuesday of this week attending the IHS Global Insight forecasting conference. If you would like to meet with me during the conference send me an email: John@SteelMarketUpdate.com and we will arrange a convenient time.
I will be in Chicago on Monday and Tuesday of this week attending the IHS Global Insight forecasting conference. If you would like to meet with me during the conference send me an email: John@SteelMarketUpdate.com and we will arrange a convenient time.
A reminder that the Association of Steel Distributors will hold their Fall 2013 conference in Las Vegas on October 24-26th. You can find out more information about registration on their website: www.SteelDistributors.org.
Our October Steel 101 workshop has been sold out for some time. Our next workshop will be held in Mobile, Alabama and we will tour the SSAB plate/hot rolled mill which is an electric arc furnace (EAF) steel producing facility. We will have the exact dates in early 2014 for you soon.
Our scrap sources are advising us that early forecast for October scrap is down $5 to $10 per gross ton.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.
Final Thoughts: The long shadow of Ken Iverson
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.