Final Thoughts

Final Thoughts

Written by John Packard

We are finally back to a full “normal” week and we should be able to gather much better market intelligence as we begin our next flat rolled market analysis with our survey invitations going out at 8 AM ET on Monday morning. Most buyers should be back in their offices on Monday so we anticipate we will be busy talking to the steel community to see where prices, demand, lead times and other import market trends are headed.

This week is also a good time to contact us regarding any interest you, or your company, may have in sending one or more of your people to our next Steel 101: Introduction to Steelmaking and Market Fundamentals workshop in Mobile, Alabama on February 4 & 5, 2014. The workshop will include a tour of the SSAB plate and hot rolled mini-mill located just outside of Mobile. Full details can be found on our website in the Events section or just click on the link provided here.

For those of you who have just returned from an extended Holiday – welcome back and Happy New Year.

As always we want to take a moment to thank our members as both your business and your kind words and recommendations to others regarding SMU are greatly appreciated by all of us here at Steel Market Update.

Latest in Final Thoughts

Final thoughts

Last week was a newsy one for the US sheet market. Nucor’s announcement that it would publish a weekly HR spot price was the talk of the town – whether that was in chatter among colleagues, at the Boy Scouts of America Metals Industry dinner, or in SMU’s latest market survey. Some think that it could Nucor's spot HR price could bring stability to notoriously volatile US sheet prices, according to SMU's latest steel market survey. Others think it’s too early to gauge its impact. And still others said they were leery of any attempt by producers to control prices.