Final Thoughts

Final Thoughts

Written by John Packard


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

Latest in Final Thoughts

Final thoughts

We’ve all heard a lot about mill “discipline” following a wave of consolidation over the last few years. That discipline is often evident when prices are rising, less so when they are falling. I remember hearing earlier this year that mills weren’t going to let hot-rolled (HR) coil prices fall below $1,000 per short ton (st). Then not below $900/st. Now, some of you tell me that HR prices in the mid/high-$800s are the “1-800 price” – widely available to regular spot buyers. So what comes next, and will mills “hold the line” in the $800s?