Final Thoughts

Final Thoughts
Written by John Packard
February 3, 2014
Most everyone is well aware that this week is one of those crazy weeks for me personally. I am teaching a portion of our Steel 101 workshop here in Mobile (weather is indeed warm), went on a marvelous mill tour of the SSAB steel mill and spent time networking with our attendees, instructors and SSAB representatives.
This doesn’t leave me much time to go out and canvass the market on a one-on-one basis as I usually do. Even so, we have a new flat rolled steel market survey ongoing and we are already picking up changes to trends through our invitations to those taking our surveys. At the moment we will continue to leave our Price Momentum Indicator at Neutral even though we are seeing prices trending a little lower over the past couple of weeks.
I will be in Tampa on Thursday and Friday attending the Port of Tampa Steel Conference.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher

John Packard
Read more from John PackardLatest in Final Thoughts

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.

Final Thoughts: The long shadow of Ken Iverson
Renowned Nucor Chairman and CEO Ken Iverson would’ve turned 100 on Sept. 18 of this year.