Final Thoughts
Final Thoughts
Written by John Packard
October 19, 2015
A reminder, if you received an email invitation to participate in our flat rolled market analysis please click on the link contained in the message. The questionnaire won’t take more than a few minutes to complete and at the end of the week we will have a Power Point presentation for all of those who participated in this week’s questionnaire.
License data continues to disappoint as trending toward numbers greater than 3.0 million tons for October. The good news from my office today is I at least spoke with a couple of companies who normally buy foreign steel and they are reporting they have little to no foreign steel on order at this time.
We continue to work diligently on our program for the upcoming Leadership Conference which will be held in March (8-9) at PGA National Resort & Spa the week after the hotel hosts the Honda Golf Classic. We are working with trade attorney Lewis Leibowitz to do a segment on the antidumping and countervailing duty trade laws, what changes may come out of the new trade language passed by the U.S. Congress earlier this summer as well as the status of each of the trade cases and what manufacturing companies and service centers need to be doing to protect their businesses in the future. We will have more details about the Trade segment of our program as well as other segments over the coming weeks. Right now you can set aside those dates…
Registration is open for our next Steel 101 workshop which will be held in Starkville, Mississippi on January 19-20, 2016 and will include a tour of the SDI Columbus steel mill. We are working with a brand new Marriott hotel (not even open yet) and we hope we can get all of the hotel arrangements confirmed by a live human being soon (we will add them to the website at that point in time).
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
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!