Final Thoughts
Final Thoughts
Written by John Packard
September 5, 2014
On Tuesday we will do a complete review of the new zinc coating extras. The last report we provided mistakenly identified the Dofasco extras as those of ArcelorMittal USA. There is a difference in their extras due to the value of the Canadian currency against the U.S. dollar. We already have information on our website regarding the changes in extras and we will continue to add information as we now have time to devote to the topic.
We have six to eight places left for our Steel 101: Introduction to Steelmaking & Market Fundamentals workshop which will be conducted in Fort Wayne, Indiana on October 7 & 8, 2014. This workshop will include a tour of the Steel Dynamics Butler, IN, EAF flat rolled mill. You can learn more about the program, our instructors and cost and registration on our website. If you have any questions please do not hesitate to contact our office at 800-432-3475 or info@SteelMarketUpdate.com.
Thank you again to everyone who attended our Steel Summit Conference, to our speakers who did a stellar job and to our sponsors who helped us keep the price at a reasonable level. Next year the conference is scheduled for September 1 & 2 – mark your calendars.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts: AMU brings the news
Usually, I write about steel in this column because, well, we’re Steel Market Update. But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication.
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.
Final Thoughts: Survey says edition
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.