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 PackardRead more from John Packard
Latest in Final Thoughts
Will the sheet price hike announced by Cleveland-Cliffs (and quietly followed by at least some mills) stick?
I didn’t see the Cleveland-Cliffs price increase coming on Wednesday. And I didn’t expect to see a target base price of $750 per ton ($37.50 per cwt) for hot-rolled coil. But I’ve since heard that other mills, even if they hadn’t publicly announced anything, had been quietly raising prices before Cliffs publicized its increase. Are […]
Sheet prices declined less than usual this week. Does that mean we’re nearing a bottom, or is it just a pause before the market moves lower yet again?
We’ve been busier than usual lately covering two major events (in addition to our pricing and data services) – the potential sale of U.S. Steel and the United Auto Workers (UAW) union strike. Let’s review some possible developments in each. U.S. Steel Sale – Back in the Headlines We learned last week that Stelco had […]
A big "thank you" to Wolfe Research and Timna Tanners for organizing a lunch in today in Chicago with a group of steel industry participants and investors.