Final Thoughts
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Final Thoughts
Written by John Packard
May 29, 2015
To those of you who receive invitations to participate in our flat rolled steel market questionnaire (survey) we will send out invitations for the early June analysis on Monday, June 1st at 8 AM. The survey will remain open until Thursday afternoon. Please take a few moments to click on the button (link) which will take you to the latest questions.
Our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop is now online and open for registration. The workshop will be held on October 6 & 7, 2015 at the Radisson Quad Cities Plaza in Davenport, Iowa. Included in this workshop will be a tour of the SSAB mini-mill which is located in Montpelier, IA.
We just concluded one of our Steel 101 workshops just outside of Chicago and we toured the NLMK USA mini-mill in Portage, Indiana. Here is what one of the attendees had to say about the workshop, “Enjoyed Steel 101, very informative- I think the best part was being able to see the electric arc furnace at the mill. Classes were very helpful and allowed me to better understand the steel making process. The material that was covered was very informative, as I am very new to the steel industry and was unaware of the process and materials that make up steel. Now I have a much better understanding of the entire process. I would recommend this class to others that are new to the steel industry as it allows you to put the entire picture together- Thank You, it was a pleasure meeting you all and I enjoyed your class and allowing me to tour the mill. Thanks, Rachel Hindel, Heating & Cooling Products.”
Another of our attendees keep his comments short and sweet with, “5 stars.”
I want to invite you, or a member of your company, to come join us in the Quad Cities (Davenport, IA) in early October. If you have any questions do not hesitate to contact either myself (John@SteelMarketUpdate.com) or our office: 800-432-3475 and we will do our best to assist you.
For those attending Steel Success Strategies (SSS) in New York City next week, I will be at the Bank of America Merrill Lynch dinner on Monday evening and I will be in the city until Wednesday afternoon. If you would like to set up a time to meet, please contact me either by email: John@SteelMarketUpdate.com or on my cell phone: 770-596-6268.
The following week I will be in Chicago as I am speaking at a Bank of America dinner on the 17th and then I will be attending the Association of Steel Distributors (ASD) regional meeting in Chicago on the 18th.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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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?
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
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!