Final Thoughts
Final Thoughts
Written by John Packard
July 1, 2015
I want to wish everyone in the United States a happy and safe 4th of July holiday weekend.
This evening’s edition of Steel Market Update is what I consider “lite” due to the limited number of articles as I am trying to give the SMU team some time off to enjoy the long weekend.
Steel Market Update’s offices will not be manned tomorrow (Friday, July 3rd) but Diana and I will be monitoring our voice mail and emails and returning calls as needed. If you have a question or an issue do not hesitate to contact our office (800-432-3475) and we will do our best to handle your issue.
Our website operates 24 hours a day no matter what holiday is upon us. Our early bird registration for our 5th Steel Summit Conference will end on July 15th. You can register online or through our office. You are also welcome to send us an email requesting an invoice and we will honor the early bird pricing. Send your emails to: info@SteelMarketUpdate.com
Thank you again for your business as it is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
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?
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.
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.
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).
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!