Final Thoughts

Final Thoughts

Written by John Packard


We have had a couple of minor bugs but we hope to have registration open for the 2014 SMU Steel Summit Conference by late Monday or Tuesday of this week. The dates for the conference are September 3 & 4 and the location is the Georgia International Convention Center (GICC) which is located right next to the Atlanta International Airport – no need for car rental or taxi’s as there is a light rail shuttle which moves form just outside domestic baggage claim to the hotel we are using (Atlanta Airport Marriott Gateway) and the GICC. First stop and less than a five minute ride from the airport.

We have already announced a number of our speakers and we will continue to do so as the week progresses. So far we have mentioned John Ferriola, Nucor CEO; Timna Tanners, the number 1 rated metals and mining analyst with Bank of America Merrill Lynch and John Anton, Director of Steel Services for IHS Global Insight (Timna and John will be together again for their 4th Steel Summit Conference) and Mike Marley, scrap guru with Metal Prices. The conference will be held over a two day period so we have quite a few speakers yet to announce.

Our 4th Steel Summit is not the only outside item we have working at this moment. Our new Managing Price Risk II: Strategies and Execution workshop will be held in Chicago on June 24 & 25th. Details on the workshop, which is meant to assist those who have basic futures knowledge but would like to learn more about actual hedging strategies and how to execute trades to accomplish specific goals, can be found on our website or you are welcome to contact our office at 800-432-3475.

All of our workshops come with discounts for member companies ($100 per person for both our Steel Summit Conference and Managing Price Risk II workshop).

We are also working on a custom sales program for a service center. If you would like to learn more about what SMU can do for you and your company on a focused and custom basis please contact me at 800-432-3475 or by email: John@SteelMarketUpdate.com

As always your business is truly appreciated by all of us here at Steel Market Update – we hope to see you in Atlanta in September.

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

Last week was a newsy one for the US sheet market. Nucor’s announcement that it would publish a weekly HR spot price was the talk of the town – whether that was in chatter among colleagues, at the Boy Scouts of America Metals Industry dinner, or in SMU’s latest market survey. Some think that it could Nucor's spot HR price could bring stability to notoriously volatile US sheet prices, according to SMU's latest steel market survey. Others think it’s too early to gauge its impact. And still others said they were leery of any attempt by producers to control prices.