Final Thoughts
Final Thoughts
Written by John Packard
May 30, 2014
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
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!