Final Thoughts
Final Thoughts
Written by John Packard
October 2, 2015
One of the reasons SMU decided to go with an App for our Steel Summit Conference this year was the belief that the App was something that could be used prior to the conference as well as after the conference. For example, earlier today I was working on developing scrap information in relationship to iron ore (spot in China) and billet prices delivered to Turkey. I remembered that Pete Meyers of Metalico had spoken on the subject so I went to the App, clicked on the Agenda, found his presentation and reviewed his slides which then prompted me to ask him a couple of questions.
For those of you who attended our 2015 Steel Summit Conference, the App is still alive and you can still access power point slides and send emails to attendees or speakers with any questions you might have.
We think this will also be a bonus for those of you who will be attending our 2016 Steel Summit Conference (scheduled for August 30-31, 2016 in Atlanta) as you will have access to what was said last year as well as the new material once the conference is in full swing.
We will begin our early October flat rolled steel market analysis at 8 AM ET on Monday morning. If you receive an invite to participate please click on the link (button) contained in the message and you will be redirected to the questionnaire. I thank you in advance for helping us to better understand the flat rolled steel markets.
I will be traveling to Davenport, Iowa on Monday where I will meet up with the rest of our Steel 101 instructors: John Eckstein and Steve Painter who are flying out of Baltimore, Peter Wright who comes from Dallas/Ft. Worth and Mario Briccetti who joins us from Rhode Island. We are looking forward to our workshop and our first tour of the SSAB facility located about 30 minutes away.
I want to welcome our newest members and I want to take a moment to let you know that I encourage questions, comments and suggestions from our members. If there is something on your mind please let us know. You can reach us at: info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here 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!