Final Thoughts
Final Thoughts
Written by John Packard
January 15, 2016
SMU will begin our mid-January flat rolled steel market analysis beginning at 8 AM on Monday. If you receive an invitation to participate, please take a few moments to click on the link (button) which will take you to SurveyMonkey.com where our questionnaire is housed. Premium level members, as well as those who participate in the process, will receive the results of our analysis in the form of a Power Point on Friday afternoon of this week.
I will be traveling for a portion of this week as we are conducting one of our Steel 101 workshops in Starkville, Mississippi and we will tour the SDI Columbus steel mill as part of our workshop. We will have more workshops later this year for those interested.
Also, we can conduct special training workshops customized for your company using segments of our Steel 101, Managing Price Risk, Sales Training or other programs. If you would like to learn more about custom programs you are welcome to contact me at: John@SteelMarketUpdate.com or by phone at 800-432-3475.
Registration is still available for our upcoming Leadership Summit Conference which includes the strongest program we have ever put together. You can find details on our website: www.SteelMarketUpdate.com or you are welcome to contact me with any questions you might have: John@SteelMarketUpdate.com or 770-596-6268 (cell).
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!