Final Thoughts
Final Thoughts
Written by John Packard
June 8, 2015
Hello from New York City, the Big Apple, the friendly city (oh, that’s somewhere else…). If you have $20 for a drink (bar brand) and $50 for breakfast (for 2) it’s a great place to be, even better if you are on an expense plan with your company. Darn, I own this one…
I’ve managed to meet with close to 50 companies during my first full day in New York (I am here because of Steel Success Strategies which attracts steel people to New York like buzzards on road kill). After I finish this newsletter I will do the late rounds and maybe rub shoulders with another 20 to 50 steel people in various levels of coherence (at the bar). A few drinks loosens up the lips and gets the gums a flappen…
I will keep my final thoughts short because I will do all of you more service by rubbing shoulders with more steel people thank trying to blind you with my usual BS.
And, no commercials in final thoughts.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.