Final Thoughts

Final Thoughts

Written by John Packard


A thank you to Keith Gunter of McElroy for sharing his annual Christmas poem for the steel industry with us. If you have anything you would like to share (tastefully) with the industry please feel free to forward them to my attention: John@SteelMarketUpdate.com

We just confirmed our last couple of speakers for our new Leadership Summit Conference which will be held in Palm Beach Gardens, Florida on March 7-9, 2016 (PGA National Resort & Spa). We will roll it out on our website tomorrow (Wednesday) and we will have a complete article about the process and the program in Thursday evening’s issue of SMU. I highly recommend the conference for executives associated with manufacturing, distribution and trading. We think we have put the bar at a new level both in content and experience. Registration is open on a first come, first served basis. If you have any questions please feel free to contact either myself or Ray Culley (John@SteelMarketUpdate.com or Ray.Culley@SteelMarketUpdate.com).

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

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Final thoughts

I’ve had discussions with some of you lately about where and when sheet prices might bottom. Some of you say that hot-rolled (HR) coil prices won’t fall below $800 per short ton (st). Others tell me that bigger buyers aren’t interested unless they can get something that starts with a six. Obviously a lot depends on whether we're talking 50 tons or 50,000 tons. I've even gotten some guff about how the drop in US prices is happening only because we’re talking about it happening.