Final Thoughts

Final Thoughts

Written by John Packard


A quick reminder that this weekend is Memorial Day Weekend and Steel Market Update will not publish our Sunday evening issue. The next time we will publish will be on Tuesday evening (unless something happens which warrants your immediate attention). For those of you in the United States enjoy your Memorial Day Holiday Weekend with friends and family.

We had a great Steel 101 workshop in Indiana earlier this week. I want to take a moment to thank all of the employees of NLMK in Portage, Indiana for opening up the mill to our group and providing an exceptional mill tour learning experience. I want to thank Robert Miller, James Banker, Jr. and Beth Henry for their assistance in making the tour of the Portage, IN mini-mill possible. We look forward to working with NLMK USA again in the future.

Every mill tour our Steel 101 workshop goes on is special and each mill has its own character. Going through a working steel making facility is always a bit about fire and brimstone as both an integrated steel mill and mini-mills use a tremendous amount of energy to take “dirt” or scrap down to molten pig iron (integrated mill) or steel.

Our next Steel 101 workshop will be in the Davenport, Iowa area and will include a tour of the SSAB mini-mill. This will be the first time we will have visited the Iowa mill (we did visit the SSAB Mobile facility a little more than a year ago). The SSAB mill melts scrap in an EAF and rolls plate products.

The dates on our next Steel 101 workshop are October 6 & 7 and more details and registration will be available online soon. Come join us in Iowa!

Speaking of joining us, we are putting together what should be the best steel conference this year. We have a tremendous group of speakers: Dan DiMicco (author & retired CEO of Nucor), Kevin Dempsey (AISI), Timna Tanners (Bank of America), Dr. Chris Kuehl (Armada Corporate Intelligence), Dr. Alan Beaulieu (Institute for Trend Research) and many, many more. Those that attended our first 2 day conference this past year were not disappointed and the goal of ours is to exceed the previous year as well as expectations. Come join us in Atlanta, Georgia on September 1 & 2, 2015 (the day after the USW contracts expire at USS and ArcelorMittal). The location is perfect for those coming into ATL from out of town. The Georgia International Convention Center (www.GICC.com) is located right next to the Atlanta airport and is accessible by free light rail from the terminal (as is the host hotel).

Registration and details about the conference are on our website. Click here or go to: www.SteelMarketUpdate.com for more information or, call our office: 800-432-3475.

Our office will be closed on Monday for Memorial Day.

As always your business is truly appreciated by all of us at Steel Market Update.

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

What's the tea in the steel industry this week? Here's the latest SMU gossip column! Just kidding... kind of. Yes, some of the comments we receive in our weekly flat-rolled market steel buyers' survey are honestly too much to put into print. Some make us laugh. Some make us cringe. Some are cryptic. Most are serious. We appreciate them all. Below are some highlights from our survey results this week. Some of the comments that we can share with you are also included, in italics, in the buyers' own words, with minimal editing on our part.