Final Thoughts

Final Thoughts

Written by John Packard

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:

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

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.