Final Thoughts
Final Thoughts
Written by John Packard
May 27, 2015
That sound you may be hearing is the drums (again) pounding, pounding louder and louder. I continue to get calls from people who “heard from a friend” that the dumping suits are days, maybe hours away. I don’t know if it is the boy in the woods crying wolf for the umpteenth time. Or a vision of what is soon to be a reality. I think most believe that the suits will become a reality. However, there are those who believe it will be all for nothing. I will go into that in more detail in Sunday evening’s edition of SMU…
I will also write about our next Steel 101 workshop which will be in Davenport, Iowa in early October.
But first, I have to talk all of you into attending what will be one of the finest Steel Summit Conferences ever. I can say that every year because one of my goals is to improve upon and surpass (and not repeat) the previous year’s exceptional conference. We will succeed in doing it once again with this year’s event.
No excuses:
Dates: Arrival into Atlanta on August 31, 2015 mid to late afternoon. You want to allow for some networking time at the bar at the Atlanta Airport Marriott Gateway Hotel. We will be there and we will try to drag as many of our speakers to the hotel as possible…
Day 1 will begin at 8 AM on Tuesday, September 1st with a special pre-Summit program conducted by Paul Lowrey of Steel Research Associates. The day will end with a cocktail party at the convention center.
Day 2 will begin with breakfast at 7:30 and our Keynote speaker, Alan Beaulieu of the Institute for Trend Research at 8:15. If you have not heard Mr. Beaulieu speak before, you will not be disappointed. Day 2 will be worth staying until the end (around 3:30 PM) as we will have Dan DiMicco and a panel about Government, Regulation and Trade. Probably just what the doctor ordered should the dumping suits actually get filed.
Cost: $1200 per person before discounts. Early bird (register before July 1st) drops the price to $1000 and if your company is an SMU member it drops to $900 per person.
If you want to send a whole bunch of people – give me a call – 770-596-6268.
Registration: Can be done on our website or you can contact our office: 800-432-3475.
If you can’t attend: Please recommend our conference to your friends in the industry.
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
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!