Final Thoughts
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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
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Brett Linton
Read more from Brett LintonLatest in Final Thoughts
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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!