Final Thoughts
Final Thoughts
Written by John Packard
June 6, 2014
A note to remind you that we have a few spots left for our new Managing Price Risk II: Strategies & Execution workshop which will be held in Chicago at the CME Building at 20 South Wacker Drive. The workshop will be conducted over two days: June 24 & 25th. Our instructor will be Andre Marshall of Crunchrisk LLC with assistance from John Temples of SMU and myself. You can find details on the workshop in the Events section of our website.
I will be in the office all week this week but will be traveling to New York City next week to attend a number of workshops and dinners surrounding the Steel Success Strategies Conference. If you would like to meet with me while you are in NYC please send me an email: John@SteelMarketUpdate.com. I will advise my cell number later in the week for those who may wish to connect at the last minute.
As I mentioned in the article above regarding our Steel Summit conference, we expect our room block to sell out quickly. We invite all of you to attend. If you have any questions, please contact our office at: 800-432-3475 or by email: info@SteelMarketUpdate.com.
Check the Steel Summit schedule as this week progresses. We will be adding names of more speakers to the list.
If you are interested in becoming a sponsor or would like to have a booth at our conference please contact JohnTemples@SteelMarketUpdate.com.
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
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!