Final Thoughts

Final Thoughts

Written by John Packard

This is the last issue of Steel Market Update for this calendar year. We will not publish an issue on Thursday as it is New Year’s Eve and we will all be out celebrating what we hope will be a much stronger New Year. our offices will be open on Wednesday and for the first half of the day on Thursday.

In case it means anything, Alan Beaulieu of the Institute for Trend Research is forecasting that 2016 will be a better year than 2015 and 2017 will be even better than 2016. So, there is light at the end of this tunnel and we are looking forward to a good 2016.

I want to take a moment to thank each and every one of you for your business, support of our workshops and conferences and spreading the word about our little company. Please keep it up in the New Year as we continue to grow and to bite on the tail of our competition.

We are part of the fabric of the steel industry. An industry which has struggled over the past 25 years and continues to reinvent itself with new steels, consolidation, the closure of outdated mills and the opening of new state of the art facilities. We will have another one coming online by mid-2016, Big River Steel. SMU will host one of our Steel 101 workshops in Memphis, Tennessee probably in October and we will take our attendees to tour Big River Steel.

The steel industry has been good to me and my family and I hope it has done the same for you and yours.

From all of us here at Steel Market Update we want to wish each and every one of your a Happy, Healthy and Prosperous New Year!

John Packard, Founder & Publisher, Steel Market Update

Latest in Final Thoughts

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.