Final Thoughts

Final Thoughts
Written by John Packard
November 6, 2015
I will be traveling to New York City tomorrow to participate in the Cowen & Company conference for the financial community. I will return to the office on Thursday morning.
For those of you keeping up with our move – all of the phones are working properly including our main 800 number (800-432-3475). You are also welcome to send emails to: info@SteelMarketUpdate.com should you have questions, housekeeping issues with your account or if you would like to add new people, upgrade to Premium, etc.
We will have more information coming out over the next couple of weeks regarding our Leadership Summit Conference which will be held at the PGA National Resort & Spa in Palm Beach Gardens on March 7-9, 2016. Please mark your calendars as this will be a unique conference at a special location at the right time of the year.
Booking is going well for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held at a brand new Marriott Hotel (just opened its doors last week) in Starkville, Mississippi. The dates are January 19-20, 2016. The hotel is about 20 minutes away from SDI Columbus which will be hosting our mill tour. Registration is open and available online or you are welcome to contact our office.
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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If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.

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SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.

Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.

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We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.