Final Thoughts
Final Thoughts
Written by John Packard
November 3, 2013
This will be a crazy busy week for all of us here at Steel Market Update. Besides working on final preparations to launch our new website we will be conducting our early November steel market survey and we are finishing up on a private steel industry training workshop for one of the domestic steel mills.
As we move into 2014 our intention is to begin to expand our listing of available training workshops. We will have more on those being considered or in development after the new website comes online.
For those of you who are unaware, our next Steel 101: Introduction to Steelmaking and Market Fundamentals workshop is available for registration. The workshop will be conducted in Mobile, Alabama which should be much warmer in early February than northern climates. The dates for the workshop are February 4 & 5th. We will tour the SSAB plate and hot strip mill which is located in Axis, Alabama just outside of Mobile.
Our Steel 101 workshops are designed for those new to the industry or just becoming acquainted with the industry. We also recommend it for those moving from one position to another within a company as well as those who just want a refresher course. Our instructors have over 160 years of combined experience within the industry as metallurgists, sales and sales management, purchasing and training.
You can find more details about our Steel 101 workshop on our website: www.SteelMarketUpdate.com in the Events section or you can click on the Steel 101 rotating banner at the top of our existing website.
As always your business is truly appreciated by all of us here at Steel Market Update.
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!