Final Thoughts
Final Thoughts
Written by John Packard
April 4, 2014
We are receiving many emails from readers and others associated with the flat rolled steel industry regarding the current state of the market, responses to the past two articles written by David Phelps (former president of the AIIS and one of our contributing writers) and on a number of other topics. We appreciate and encourage a healthy exchange of ideas. You can reach us at: info@SteelMarketUpdate.com and you are also welcome to contact me in my office: 800-432-3475.
Steel Market Update has two spots remaining for our next Steel 101: Introduction to Steelmaking & Market Fundamentals workshop which will be held on May 6-7, 2014 in Dearborn, Michigan. The workshop includes a tour of the Severstal Dearborn steel mill. Information and registration details can be found on our website.
I expect to publish another Premium Level supplemental issue of the newsletter on Monday. The article about imports in tonight’s issue would normally be reserved for our Premium Level members. If you would like to learn more about Premium membership you can do so on our website or feel free to contact me in my office: 800-432-3475. Those of you who are on a free trial are already receiving Premium access and you can speak with John Temples or Ryan Packard as they follow-up on your trial about Premium Level membership and other options available.
We expect to have our next imports by product, port and country on the website later this week for our Premium Level members.
As always, all of your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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!