Final Thoughts

Final Thoughts

Written by John Packard

From time to time Steel Market Update uses words or phrases within articles which sometimes will set off your SPAM filters. You may notice that I never use the “M” word. The word used to describe a home loan. It is one of the words that SPAM filters love to hate. Another word is survey – I try to use “market analysis” as much as possible in order to limit the words SPAM filters do not like. If you do not receive your newsletter in your inbox please let us know – but, at the same time also realize you have total access to each and every newsletter 24 hours a day. All you have to do is log into the website. They are all there – including the ones we are working on and may not have finished yet.

When we created the website one thing we wanted to make absolutely sure of was that everyone had access to the news, pricing and other data – including all of the newsletters, at any point during the day. So, if you did not receive your newsletter and you have a hankering to read it at that moment – you can! Just log into the website and hover over the Newsletters Tab. A drop down menu will appear and you will have the option of clicking on Executive Archives (or Premium/Monthly depending on your membership level) and all the newsletters will be there. The only exception is when we are publishing a new issue as we publish them first to the Home Page (rolling headlines) on the front of the site. You can access them there. Once we actually publish the full newsletter (usually around 10 PM ET at night) then the full issue will be in the Archives section as well as on the Home Page.

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Scrap – we are still hearing that market prices are rising. According to our sources, even with the situation at USS Great Lakes, scrap is very tight, export demand is improving and early trades are up $20-$25 per gross ton. We will have more about the scrap markets in Thursday’s issue of SMU. With the ISRI conference next week the deals should all get done by the end of the week.

Steel 101 in Dearborn, Michigan in May is almost completely sold out. We have three (3) spots left before we must close the class due to restrictions on the number of people who will be allowed to tour the Severstal Dearborn steel facility. If you want to attend – now is the time to register. You are also welcome to contact our offices at: 800-432-3475.

Premium Level members received our Key Market Indicators in a special supplemental issue yesterday. Later this week we will have CPIP (construction put in place) for Premium members as well. If you would like to learn more about Premium Level membership feel free to contact us or check out our website.

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As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

Latest in Final Thoughts

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.