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.
As always we thank you for your business as it is truly appreciated by all of us here at Steel Market Update. Please tell your friends about us.
John Packard, Publisher
Advertise with Steel Market Update: Media Kit Found Here
Become a SMU member or Upgrade Your Membership
John Packard
Read more from John PackardLatest in Final Thoughts
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!