Final Thoughts
Final Thoughts
Written by John Packard
December 17, 2014
A quick reminder to those who have registered (or are about to register) for our Steel 101 workshop outside of Charleston, SC on January 20 & 21, 2015. The special rate ($91/nite) we have negotiated with our hotel (Charleston Harbor Resort & Marina) will expire at the end of the day on Friday (December 20th). Please do not forget to make your reservations.
The workshop is about two-thirds full and we will continue to accept registrations over the next few weeks. We will advise when we are close to closing off registration. You can register on our website or through our office: 800-432-3475. Please contact us should you have any questions: info@SteelMarketUpdate.com.
Also, another reminder that Steel Market Update will publish on Sunday and Tuesday of next week before taking a couple of issues off. We will not publish on Christmas Day and we will not publish on Sunday, December 28th. We will publish on Tuesday, December 30th and then not again until Sunday, January 4th.
If anyone has any good store recommendations in Chicago for Christmas gifts for my wife…please let me know. My schedule has been very hectic and I am running out of excuses as to why I haven’t completed my Holiday shopping. We will be in Chicago most of the week next week visiting our musician son.
I expect that some of you may be taking Holiday next week so I want to be one of the first to wish you and your family best wishes, much joy and peace over the Holidays.
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!