Final Thoughts
Final Thoughts
Written by John Packard
November 20, 2015
This week is Thanksgiving (Thursday) and we are one month away from the Christmas Holidays as well. Here is what our publishing schedule will look like over the next five weeks or so. We will publish on Tuesday of this week and then we will not publish again until the following Tuesday, December 1st. We will continue to follow our normal publishing pattern until we get to the week of Christmas. We will publish on both the Sunday and Tuesday prior to Christmas (December 20 & 22) and we will not publish on Christmas eve (24th). We will publish again the following Tuesday, December 29th and we will not publish on New Year’s Eve (December 31st). We will go back to our normal Sunday, Tuesday, Thursday rotation on Sunday, January 3, 2016.
However, should there be any breaking news that we feel must be covered we will do so in an abbreviated issue.
We began picking up our first registrants for our Leadership Summit which will be held at the PGA National Resort & Spa in Palm Beach Gardens, Florida. So far those registering or indicating they will be attending are company presidents or corporate executives. If you would like to be added to this select group you can do so online or through our office: 800-432-3475. We will continue to roll out more details in a variety of ways over the next couple of weeks.
We also have registration open for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop which will be held in Starkville, Mississippi on January 19-20, 2015. This workshop will include a tour of the SDI Columbus steel mill and we expect it to be an exceptional program. Registration can be made online or through our office: 800-432-3475.
If you are located in an area known for cold, snow and ice – places like Mississippi (in January) and Florida (in early March) should sound like the place to be. Come join us.
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!