Final Thoughts
Final Thoughts
Written by John Packard
May 12, 2014
I am getting excited by the progress we are making on our September Steel Summit conference. I have been talking to as many manufacturing companies, service centers, steel mills and trading companies as we strive to put on an exceptional program with quality speakers who will provide valuable content. Easy to say, not so easy to do. But, I think we are well on our way. I have advised previously that one of our dynamic duos will be Ms. Timna Tanners of Bank of America Merrill Lynch and John Anton of IHS Global Insight. It is rare that the two of them agree on their price and market forecasts. I will be interested to see if 2014 is any different. The dates to mark on your calendar are: September 3 & 4, 2014 – destination: Atlanta, Georgia.
Today just seems to be import day as the news cycle is hitting foreign steel. We are staying on top of the subject and it is one we will also try to cover in our conference in September.
I want to take a moment to welcome our newest members and I want to remind them that we try to be an accessible and responsive company. If you have any questions, suggestions, ideas or articles you would like to share with us we can be reached at: info@SteelMarketUpdate.com or by phone: 800-432-3475.
As always I want to take a moment to thank all of our customers for your business which 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!