Final Thoughts
Final Thoughts
Written by John Packard
October 3, 2014
I will take a moment to recommend the Armada Corporate Intelligence report and the Armada website as something those in the marketing sections of your company may want to subscribe to. The cost is negligible and the value is quite high in my opinion. A good example is on their website on Saturday, October 4th they had an article about the Credit Managers Index. In the article they talk about the drop in the index and its relationship to predicting future PMI (purchasing managers index) direction. The latest CMI dropped significantly and, according to Armada, “This was not a small reversal of fortune by any stretch of the imagination, this could be termed a collapse and it begs a very important question. Who is correct – the Purchasing Managers Index or the Credit Managers Index?” You can read the full Armada Flash Advance Report by clicking here.
On Monday we will begin our early October flat rolled steel market survey. Invitations should go out around 8 AM ET.
I will be out of the office on Monday afternoon and all day Tuesday and Wednesday as we are conducting one of our Steel 101 workshops in Fort Wayne, Indiana. Diana and Brett will be in the office to answer any questions you might have.
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
We’ve been talking about a potential inflection point for the past couple of weeks. And the market does appear to be nearing one.
Final Thoughts
SMU uses ferrous scrap survey data to take AI out on a test drive.
Final Thoughts
Will a US-UK meeting next week prove a harbinger of tariff deals to come, or will it be just another case of having the rug pulled from under us?
Final Thoughts
When will we see prime scrap become scarce as the worldwide transition to EAF melting increases, especially for HRC production? It's a question I've been asked a lot.
Final Thoughts: The hidden cost of analysis paralysis in the age of uncertainty
With US economic indicators all over the map, it’s no wonder the steel market has experienced a whole lot of analysis paralysis this year.