Final Thoughts
Final Thoughts
Written by John Packard
April 1, 2015
A reminder to our readers that we will not be publishing our Steel Market Update newsletter on Sunday due to the Easter Holiday. We will go back to our normal publishing schedule on Tuesday, April 7th. Our offices will be open on Friday and Monday and we can be reached at: 800-432-3475 or by email: info@SteelMarketUpdate.com.
We will begin our early April flat rolled steel market analysis beginning on Monday, April 6th. Look for your invitation to participate around 8 AM ET on Monday.
Our scrap sources are advising us that scrap pricing in Chicago should move sideways on all products. Busheling may drop $5 in Detroit. On the east coast we have heard of trades down $10, sideways and up a few dollars. Bottom line there shouldn’t be any major move one way or another on scrap pricing for the month of April.
We have heard hot rolled import price offers may have pierced through $400 per ton, CFR USA Port. If you have received recent foreign offers please let me know what you are seeing out of your suppliers. I can be reached at: John@SteelMarketUpdate.com.
I will keep it simple this evening. Everyone enjoy the weekend and I will speak to you again on Tuesday.
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
I put some of our survey data through ChatGpt, with interesting results.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.
Final Thoughts
A modest week-to-week change in HR price understates a huge swing in expectations.
Final Thoughts
What happens when ChatGPT meets SMU's Market Chatter? No, this is not an idea for the latest Hollywood blockbuster. Then again, with what Hollywood is putting out these days, Chatter Meets Chat might just turn out to be a hit. Rather, it’s that old idea of putting theory into practice. Recently, I conducted an interview with Doug Schrock, managing principal of AI at public accounting and consulting firm Crowe. He gave some tips on how to implement AI into your business.
Final Thoughts
The Trump tariff drama continues.