Final Thoughts

Final Thoughts

Written by John Packard


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

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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.