Final Thoughts
Final Thoughts
Written by John Packard
October 26, 2015
It is Tuesday evening and I continue to multi-task as the moving company shows up at 8 AM on Wednesday and after 15 years in the same location there is much to do to get ready for the move. For those that did not catch my note about this in the last issue, Steel Market Update is moving its headquarters from Georgia to Florida. We are looking forward to the change (especially the winter weather) and how being in Florida will help us develop more workshops and conferences in the sunny state. Our first conference being our Leadership Conference which will be held in Palm Beach Gardens at the PGA National Resort and Spa on March 7-9. More details will be coming soon.
But, there are moving boxes to fill so I will keep my final thoughts brief this evening.
Thank you again for your business which 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!