Final Thoughts
Final Thoughts
Written by Brett Linton
June 12, 2015
Just a quick note to let our Premium level members know that earlier this week we put the latest imports by product, port and country on our website. You can review the data by clicking here.
We received notification from the MSCI that their data will be released on Monday of next week. We will have our Apparent Excess analysis probably on Tuesday. We anticipate that our forecast will be off (we had projected flat rolled shipments at 113,000 tons per day which is probably high).
We will conduct our next flat rolled steel market survey beginning on Monday. When in New York City earlier this week for the Steel Success Strategies meeting one of our Premium customers told me that the survey data was exceptional and we were the only place where that particular client could see something that drills down to the level of active buyers and sellers of steel – the real decision makers.
If you have opinions about our products (good or bad) please let us know.
Survey results should be posted on our website on Friday afternoon of next week.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
Brett Linton
Read more from Brett LintonLatest in Final Thoughts
Final Thoughts: AMU brings the news
Usually, I write about steel in this column because, well, we’re Steel Market Update. But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication.
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.