Final Thoughts
Final Thoughts
Written by John Packard
February 21, 2014
Steel 101: Introduction to Steelmaking & Market Fundamentals. Our next workshop will be held in Dearborn, Michigan on May 6-7, 2014. The workshop will include a tour of the Severstal Dearborn fully integrated steel mill. We think the program, our instructors and the mill tour are excellent. But don’t take my word for it. Here are some of the comments made from recent workshops including our last one in Mobile:
“I can’t say enough about this because they work together as a team to get you the best answer and knowledge is unreal between everyone in that room and they will answer each question you have so in depth. I would take it again just to get more and more answers from everyone. Thanks so much.” Chris Bruner, Kloeckner Metals
“Really enjoyed the workshop. Thought having multiple speakers with various experiences in the steel industry was very beneficial, and allowed to keep the attention of the class during the 2 day workshop. Thanks.” Andy Falck, Seaport Steel
“Steel 101 workshop was awesome! Thank you for your wealth of knowledge of this fascinating industry. Your enthusiasm has been infectious, and made it even more of a joy to learn material.” – Lakeshia Boyd, Kloeckner Metals
“Overall the workshop was amazing! I truly enjoyed all of the instructors and all the diverse information that was given over the two days. The mill tour was the highlight and felt a lot of people said the same thing.” Casey Giese
“The Steel 101 class was very informative and diverse. It had information in it for just about anyone connected to the steel market in any way. For example, the railroad whose interest was in the steel market and how it affects their freight pricing. Also, purchasing agents, sales agents, suppliers and mill workers all benefited from the additional knowledge of the steel making process and how the global market fluctuations affect their products. There were journalists who needed to have a greater knowledge of the products they discuss in their news letters. I was surprised at the diversity of the group, men, women, young, older, new to the industry and those who were a part of steel history. I would take this class again and again and surely learn something new every time!” Sincerely, Ashley Maggio-Fulmer Modern Welding Company of Georgia, Inc.
We are taking reservations for the next Steel 101 workshop. You can register on our website or you can contact our office for more information: 800-432-3475 or info@SteelMarketUpdate.com. SMU member companies receive a $100 per person discount as part of your membership. We also have discounts available for companies who send more than one person to a workshop.
I will be in the office on Monday and Tuesday this week and then I will be in Austin, Texas at the FMA Toll Processors Conference for the balance of the week.
If you have any questions or comments for me please feel free to contact me at: John@SteelMarketUpdate.com or by phone: 800-432-3475.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
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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!