Analysis
Final Thoughts
Written by John Packard
November 23, 2015
Tonight’s issue should have plenty of “meat on the bone” for everyone to read and re-read over the Thanksgiving Holidays. Due to the Holidays we will not publish our Thursday and Sunday evening issues. Our next full issue will be Tuesday, December 1st. However, as always, if news breaks that we feel needs your attention we will publish a special issue.
With so many steel trade suits going at the same time it should not come as a surprised that the US Department of Commerce pushed out the Preliminary Determination date on hot rolled into March. Trade attorney Lewis Leibowitz has been advising SMU and our readers all along to expect push-outs. If you want to learn more about the history of antidumping, countervailing, critical circumstances, volunatry restraint agreements and Section 201’s – and how your company should be dealing with each – come join us in Palm Beach Gardens, Florida on March 7-9, 2016 for our Leadership Summit. Top executives need to know and they can learn from an experienced trade attorney how the system works. Registration is available on our website or through our office. We have early bird rates in effect through January 1, 2016 and SMU member companies also receive a second discount.
For those wanting to learn more about the basics of the steel industry – from the making of steel from iron ore or scrap – to how the steel is sold and what affects prices, come join us in Starkville, Mississippi for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop. The workshop, which will be held on January 19-20, 2016 will include a tour of SDI Columbus steel mills which is located a short distance away from Starkville. You can learn more about our program on our website or feel free to contact our office: 800-432-3475.
We want to take this opportunity to wish all of our USA customers a very Happy and Healthy Thanksgiving Holiday with family and friends.
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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SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
SMU Survey: Lead times tick higher
Steel mill lead times marginally extended for both sheet and plate products this week, according to responses from SMU’s latest market survey.
North American auto assemblies slipped in September
North American auto assemblies declined in September, down 5.1% vs. August. And assemblies were also down 1% year on year.
Final Thoughts
SMU’s hot-rolled coil price increased for a third consecutive week. And the gains were more pronounced this time following a price hike initiated on Friday by NLMK USA.
Final Thoughts
SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.