Final Thoughts
Final Thoughts
Written by John Packard
October 6, 2013
I am in Blytheville, Arkansas making final preparations for our Steel 101: Introduction to Steelmaking & Market Fundamentals workshop. We have a full class which will tour the Nucor Hickman facility on Tuesday afternoon.
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Thank you to everyone who spent time with either John Temples or myself at Metalcon last week.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard
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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.
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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.