Final Thoughts
Final Thoughts
Written by John Packard
April 20, 2015
We have been receiving a number of inquiries regarding changing Executive level memberships and upgrading them to Premium level. This is something we can do for any company or individual at any point in time during the year. It does not have to wait until your membership is up for renewal. If you want to take Premium out for a test drive we can arrange that as well. Premium members receive access to our flat rolled steel surveys in both a Power Point and interactive data formats. Premium members receive our special analysis and forecast of service center flat rolled shipments and inventories as well as our Imports by Product, Port & Country monthly reports. There are a number of special reports that are produced during the month which are sent to Premium members in the form of a special supplemental newsletter. These articles include our Key Market Indicators, currency updates for steel trading nations, construction put-in-place and many more. The Premium product is meant for those who need a deeper analysis or special focus on economic and steel data which is not readily available elsewhere. If you have any questions please contact us at: info@SteelMarketUpdate.com or by phone: 800-432-3475.
SMU Correction: SMU incorrectly reported a fatality at the Ecorse plant in December 2014 in our last issue. That fatality actually occurred in December 2013.
A friendly reminder to those of you who are interested in either attending or considering sending someone to our next Steel 101 workshop. We continue to have spots available in our May 19-20, 2015 program which will be held in Merriville, Indiana and will include a tour of the NLMK USA, Portage, Indiana steel mill. Details can be found on our website: www.SteelMarketUpdate.com.
We welcome our newest members as well as those of you who have recently registered for a free trial to our newsletter and website. I want to remind everyone that we have an open dialogue policy and encourage questions, comments and suggestions on a wide range of topics. If you would like to communicate with SMU you can do so by sending an email to: info@SteelMarketUpdate.com. I can be reached at either that email or directly at: John@SteelMarketUpdate.com. We look forward to hearing from you and do not be shy about suggesting what we might do to improve our products.
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
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.
Final Thoughts
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 […]
Final Thoughts
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.
Final Thoughts
Sheet prices are up again. That shouldn’t come as a surprise on the heels of mill price hikes, scrap settling up and expected to move higher over the next few months, and inventories – as our premium subscribers will learn tomorrow – moving lower for a third month.
Final Thoughts
Cleveland-Cliffs announced it would seek a minimum base price of $1,000 per ton ($50 per cwt) for hot-rolled coil (HRC) on Nov. 7. Nucor said a day later that it was aiming for $950 per ton. Why didn’t Nucor follow Cliffs up to $1,000 ton? I think there might be some possible answers in our […]