Final Thoughts
Final Thoughts
Written by John Packard
February 14, 2014
Steel Market Update will conduct our mid-February flat rolled steel market analysis beginning on Monday morning at 8 AM ET. We encourage those who receive an invitation to participate in our survey to click on the link and spend five minutes answering our inquiries about market conditions, demand, inventories, foreign steel and steel pricing. All information collected is confidential and we do not identify any of our contributors. If you would like to become a contributor to our twice monthly market survey please send me an email: John@SteelMarketUpdate.com.
Our next Steel 101 is open for registration. The workshop will be held in Dearborn, Michigan and we will tour the Severstal Dearborn steel mill. Contact me if you have any questions about the workshop. I can be reached at: 800-432-3475.
I am in the office all week this week after traveling for most of the past two weeks.
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John Packard, Publisher
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Final Thoughts
There are days when this feels like a “nothing ever happens” market. Don’t get me wrong. Plenty is happening in the world. It’s just that none of it seems to matter when it comes to sheet and plate prices.
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Usually, I write about steel in this column because, well, we’re Steel Market Update. But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication.
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.
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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.