Final Thoughts
Final Thoughts
Written by John Packard
May 16, 2014
On Monday we will begin our next flat rolled steel market analysis. We will be sending out approximately 600 invitations to participate in our survey. If you receive an invitation please click on the link contained in the message and spend a few minutes responding to our inquiries.
The ArcelorMittal Cleveland C-5 blast furnace is supposed to come back online this week. We also expect to see improvements out of Great Lakes as their steelmaking operations started up on Tuesday of this past week. It normally takes anywhere from a few days to up to a couple of weeks to get furnaces and the BOP back up and running efficiently.
I want to welcome our newest members. We encourage questions, comments or suggestions either about content in our newsletters or on our website. We can be reached at: info@SteelMarketUpdate.com or by phone at 800-432-3475.
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
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
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SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.