Final Thoughts
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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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!