Final Thoughts
Final Thoughts
Written by John Packard
January 30, 2014
A good portion of the Steel Market Update team is bolting for Mobile on Monday to prepare for our next Steel 101 workshop. We are looking forward to having a spirited workshop and we are appreciative of the efforts of our host steel mill – SSAB – as they prepare for our workshop touring their facility.
Our next Steel 101 workshop will be held in Dearborn, Michigan and the host mill will once again be Severstal Dearborn. We have already begun to take registrations for Dearborn and we do expect to sell out fairly quickly based on the feedback we have been receiving from those interested. You can get more information on our website.
After Mobile I will be traveling to Tampa to participate in the Port of Tampa Steel Conference on Thursday evening and Friday morning. By the way – the cost of the conference is $195 per person. You can find more information about the agenda/speakers, etc. on the Port’s website.
It’s Super Bowl Sunday – enjoy the game and we will speak more from Mobile later this week.
On Monday our early February market analysis will begin. Look for your invitations around 8 AM ET and please take a few moments to click on the link contained in the message and complete our survey.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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!