Final Thoughts
Final Thoughts
Written by John Packard
April 16, 2014
Our Steel 101 workshop on May 6-7, 2014 is sold out and we have a three person waiting list. We are working on two more workshops to be conducted over the balance of the year and we will advise the dates and locations once we have worked out all of the details. Our goal is to conduct one during the summer months (probably August) and another one in early October.
As mentioned in a prior publication we have settled on the dates for our new Managing Price Risk 2: Strategies & Execution workshop. The dates are June 24 & 25, 2014 and the workshop will be conducted at the CME building in downtown Chicago. We are working on some final details and hope to be able to open registration very soon.
My article on steel sales: How to go from being noticed to getting orders, has created a lot of emails and social media contacts. I appreciate the communication and stories of your own. Please feel free to provide your thoughts and suggestions from your career which might help mentor someone new to the industry. I intend to follow up the article with one or more articles centered on sales with the next one coming in Sunday evening’s Steel Market Update.
Premium members – we should have the survey results on the website by no later than mid-morning on Friday. I am also working on our next service center inventory excess or deficit forecast which I hope to share with you on Friday as well.
If anyone is interested in learning more about the benefits of being a Premium member please do not hesitate to give me a call (800-432-3475) or send me an email: John@SteelMarketUpdate.com.
This offer is not inclusive to just existing members. If you are currently on a free trial and would like to know more about any of our products – three newsletters, Premium, Executive and Monthly – as well as our workshops and conferences – please give me a call or send me an email.
As always 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
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Final thoughts
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Final thoughts
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Final thoughts
Thanks to everyone who attended our Steel Hedging 101 workshop in Chicago on Wednesday. I learned a lot from StoneX Group’s Spencer Johnson, who instructs the course, and from your good questions. One thing that Spencer said sticks with me as I write this column. Namely, that momentum drives steel prices more than other commodity markets. If you watch steel futures, you’ll see up days and down days. But it’s rare to see the momentum shifting back and forth within any given day.