The rash of price increase announcements threw one of the articles I have been working on to the back burner for today. However, the flame will be lit once again tomorrow. The article is about foreign steel imports. In particular, I have been talking to a number of trading companies about their order books, spread between foreign and domestic and what they anticipate for the future. The results may surprise…
We still have a few seats left at the next Steel 101: Introduction to Steel Making & Market Fundamentals workshop. The dates are May 19 & 20 and the host hotel is the Radisson at Star Plaza in Merriville, Indiana. Our mill tour will be at NLMK USA Portage, Indiana steel mill. The price for the workshop is $2000 per person with discounts available for Steel Market Update member companies and for those sending more than one person to the workshop. If you have any questions do not hesitate to contact me: John@SteelMarketUpdate.com or by phone: 800-432-3475.
For those of you looking past May – the Steel 101 program following Merriville will be in Davenport, Iowa (yep, Iowa) and we will tour the SSAB mini-mill. The dates are October 6 & 7, 2015.
For those wanting to go to something that will be an important networking opportunity, informative with business and steel forecasts and entertaining – I’m talking about our 5th Steel Summit Conference. Dates are September 1 & 2, 2015. Early bird registration will begin later this week on our website.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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Latest in 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.
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.
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.
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 […]