Final Thoughts
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Final Thoughts
Written by John Packard
September 25, 2015
We will be in Iowa next week for one of our Steel 101: Introduction to Steel Making & Market Fundamentals workshops. We are looking forward to working with SSAB again, as we did a workshop in Mobile, Alabama and toured their Alabama facility. This is our first trip to Iowa.
We are working on ironing out the details on our next Steel 101 workshop which is expected to be in the south in January 2016. We will provide details once they are available.
We also intend to provide more details from last week’s flat rolled steel market analysis in Tuesday evening’s edition of our newsletter.
For our Premium members we will provide our Key Market Indicators in tomorrow’s Premium supplemental issue.
This week will be a busy week for the industry as both US Steel and ArcelorMittal are back at the negotiation tables with the United Steelworkers, as we reported in one of tonight’s articles we will learn if Fiat Chrysler workers vote not to accept the contract and we will have the beginning of negotiations on ferrous scrap prices which are expected to plummet $20 to $50 per gross ton.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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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?
![](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.
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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.
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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).
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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!