A note to those interested in attending our Steel 101: Introduction to Steel Making & Market Fundamentals workshop in May. The workshop is about 50 percent fully registered at this time. The location is Merriville, Indiana just outside of Chicago. Our mill tour will be of the NLMK Indiana electric arc furnace (EAF) plant which produces slabs and rolls hot rolled coils. This is a good workshop for those interested in learning more about the steel making process, rolling process (both flat and long products), how steel is bought and sold and the issues which impact prices and relationships. You can find more details on our website or you are welcome to contact our office for more information. We can be reached at: 800-432-3475 or info@SteelMarketUpdate.com.
I was reading the Armada Intelligence Brief this evening and Dr. Kuehl and his partner were concentrating on the fighting between Saudia Arabia soldiers and the Houthi rebels in Yemen.
On the face of this it just appears to be a regional conflict much like many others. However, the Houthi are supported by Iran and Yemen sits in a strategic point in the Middle East which could affect oil shipments through the Gulf of Aden. Any threat to the region would be met by the U.S. 5th Fleet. It could pit the Iranian navy (the same Iran we are negotiating with over nuclear testing, the same Iran fighting against ISIS in Iraq) against the U.S. 5th Fleet. What a crazy world we live in.
Dr. Chris Kuehl of Armada Corporate Intelligence will be at our 5th Steel Summit Conference where we can hear first-hand about all the craziness in the world and it’s impact on the U.S. economy. Mark your calendars: September 1 & 2, 2015 in Atlanta, Georgia, SMU Steel Summit Conference.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John PackardRead more from John Packard
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Following the United Auto Workers (UAW) union strike, organized labor seems to be enjoying a moment.
I want to address a few things in this 'Final thoughts': the latest SMU survey results, the plate market, and the potential sale of U.S. Steel.
Sometimes a journalist’s life comes with unexpected perks. That is, beyond the day-to-day of writing stories, a wayward email can come across the Inbox with an attractive invite, and the promise of free food.
There has been almost an assumption that US mills would get the $950-1,000 per ton ($47.50-50 per cwt) they were seeking on HR base and $1,150-2,000 per ton ($57.50-60 per cwt) for cold-rolled and coated base. Recall that Cliffs initially announced an increase and said it was seeking $1,000 per minimum for hot-rolled coil. Nucor […]
United Auto Workers (UAW) members have ratified a new labor contract with Detroit-based General Motors, the largest US automaker. In other words, the UAW strike that began on Sept. 15 - and that rattled the steel industry in the months leading up to it - is almost in the rear-view mirror.