Final Thoughts

Our Steel 101 workshop spent the afternoon touring Severstal Dearborn. As the class climbed catwalks and peaked at molten steel I spent most of the afternoon in the executive offices meeting with the mill’s CEO Saikat Dey.This was my first opportunity to meet with Mr. Dey and I found him to be intelligent, charming and engaging. When asked about how he came to be the Severstal CEO he responded, “Things like this are never designed they just happen.” He leads one of the most diverse and youngest management teams in the North American steel industry. I think many of you will find his comments on Severstal and the industry interesting and I will have more on our conversation in Thursday evening’s edition of Steel Market Update.

I am going to keep my comments short this evening and will most likely make up for it in Thursday’s issue as our survey results become available and I think you will find the results quite interesting.