Final Thoughts
Final Thoughts
Written by John Packard
October 11, 2013
We are back in our offices, life is back to normal after traveling over the past four days to Arkansas and our website due date keeps on getting pushed back… Frustration is running high at SMU these days. The developers haven’t given us a firm promise date but it is beginning to look like November 1st is the new September 13th.
We had a great workshop and Nucor did an outstanding job of hosting our large group. Kudos to Sam Commella (Vice President & General Manager of Nucor Arkansas) Doug Rife and Jeremy Cooper for assisting in our educational process.
In our next issue we will discuss a little known secret outside of the Nucor Arkansas walls – Strawberries…
Until then we want to thank all of our members for their business as it is truly appreciated by all of us here at Steel Market Update.
John Packard
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Usually, I write about steel in this column because, well, we’re Steel Market Update. But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication.
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.