Final Thoughts
Final Thoughts
Written by John Packard
April 22, 2015
We appear much closer to the crossroads than I think many of you realize. Reliance, Nucor and Steel Dynamics spoke about the changes coming in their own way during their earnings conference calls. Reliance prodded the mills to raise prices – now. SDI spoke about their attorneys waiting for the right time before they can file successful dumping suits. Nucor talked about keeping foreign steel at bay and that it may be premature to file price increases. We live in interesting times and my personal opinion is everyone in the flat rolled steel industry needs to keep their eyes, ears and minds open to change.
I will go into more detail on what I mean in Sunday night’s newsletter.
Our Premium level members will see that this week’s flat rolled steel market survey Power Point will be posted on our website on Friday afternoon. We added a couple new questions this week regarding end users looking to lock in future orders at today’s pricing. Seems the results were mixed between end users and service centers…
We are getting down to three weeks before out next Steel 101: Introduction to Steel Making & Market Fundamentals workshop will be held in Merriville, Indiana (outside of Chicago). We encourage both our members and non-members alike to take some time to learn more about what we are trying to teach and how it may fit with your company or individual needs. Our program is on our website: www.SteelMarketUpdate.com or you are welcome to contact our office with any questions you might have: info@SteelMarketUpdate.com or 800-432-3475.
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
Below are some other issues that should be on your radar. Because while prices have been steady, a lot is going on when it comes to news that could impact them.
Final Thoughts: Survey says edition
It's can-kicking at its finest. And it’s been drawn out! Some are getting so good at it, they’re kicking cans and taking names.
Final Thoughts
We just wrapped up another Steel 101 workshop, easily the most hands-on industry workshop on steelmaking and market fundamentals.
Final Thoughts
The US scrap market finds itself in a familiar position as we progress into the final quarter of the year.
Final Thoughts
Musings on decarb, tariffs, and technology, and where it might be leading.