Final Thoughts

Final Thoughts

Written by Brett Linton

You have 23 days (as of today) to take advantage of our early bird special registration rates for the SMU Steel Summit Conference which will be held on September 1 & 2, 2015. For our regular customers (subscribers) when you take the early bird special rate and include the $100 per person discount given to member companies the price quickly drops from $1200 per person to $900 per person. We encourage those of you who are planning on attending to register early, and then convince others within your company, suppliers or customers to join you in Atlanta.

I will be in New York City beginning tomorrow late afternoon (Monday) as I will be attending the Bank of America Merrill Lynch dinner and other events surrounding the Steel Success Strategies conference. I will be in NYC through Wednesday afternoon. If you would like to meet with me while I am in NYC you can email me: or text me: 770-596-6268. I will also be around the Sheraton Hotel off and on as I go from meeting to meeting.

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

John Packard, Publisher

Brett Linton

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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.

Final thoughts

Unless you've been under a rock, you know by know that Nucor's published HR price for this week is $760 per short ton, down $65/st from the company’s $825/st a week ago. I could use more colorful words. But I think it’s safe to say that most of the market was not expecting this. For starters, US sheet mills never announce price decreases. (OK, not never. It has come to my attention that Severstal North America rescinded a price increase back on Feb. 14, 2012. And it caused quite the ruckus.)