Final Thoughts
Final Thoughts
Written by John Packard
March 3, 2014
While attending the FMA Toll Processing Conference I ran across someone associated with Feralloy Processing Company who spoke to me about the upgrades they had made to one of their levelers. I requested more information and learned that the company had recently purchased and installed a Butech Bliss patent pending Synergy hydraulic operated roller leveler for their Portage, Indiana facility. According to the flyer provided to me by Feralloy Processing, “The enhanced menu driven operator interface allows simple graphical controls and a recipe system for quickly saving and recalling the best shape correction settings for a particular product and is both intuitive and operator friendly.” Installation was recently completed and the equipment will process carbon steel up to .75″ thick by 96 inches wide. The lever was an upgrade to an existing line.
If your company has installed new equipment or modernized or expanded your plant we would like to know. You can send information to: info@SteelMarketUpdate.com and we will do our best to get the information on our website and, if appropriate, in our newsletter.
The success of our Steel 101: Introduction to Steelmaking & Market Fundamentals workshop has prompted a number of companies to request custom designed workshops tailored to their company’s needs. In the past we have worked with an industry organization focused on galvanized and our most recent program was with a domestic mill working with their inside support staff. If you would like to learn more about custom training workshops, please contact JohnTemples@SteelMarketUpdate.com or myself (John@SteelMarketUpdate.com) for more information.
Our next Steel 101 workshop is about one third sold out at this point and we have a number of inquiries about the program. If you are interested in learning more about how steel is made from dirt (or scrap), rolled, coated, bought and sold as well as what commodities impact pricing and other market fundamentals I highly recommend our Steel 101 program. Dates are May 6-7, 2014 and includes a tour of the fully integrated steel mill: Severstal Dearborn. If you have questions do not hesitate to contact our office: 800-432-3475.
In this evening’s edition of Steel Market Update we included two articles by Peter Wright that would normally be part of our Premium Level services. The articles are CPIP (Construction Put in Place) and Imports of Sheet & Strip Through February 2014. We are providing these articles so our Executive members and free trials can get a sense as to some of the content contained in a Premium membership. If you would like to learn more about Premium membership please contact our office: info@SteelMarketUpdate.com or by phone: 800-432-3475.
As always we thank you for your business which is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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John Packard
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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!