Final Thoughts

Final Thoughts

Written by John Packard


On Tuesday evening we published an article regarding the HARDI wholesaler steel conference call. During the call one of the wholesalers referred to Kloeckner Metals Corporation as one of the service centers they were having competitive issues with. An executive with Kloeckner saw our article and responded to the comment made and quoted in our article: “As Kloeckner Metals Corporation was specifically mentioned in this article I feel compelled to comment. Kloeckner Metals Corporation is fully supporting all announced mill increases in the transactional (spot) market contrary to the comment by an unidentified wholesaler.”

For those of you expecting the preliminary determination of antidumping (AD) on cold rolled steel today be advised that the announcement has been moved out four business days. Here is our understanding as of today:

 –  Because of the snow on January 23 and 24, Commerce added four business days to all deadlines in all cases pending before the Department (AD/CVD, foreign trade zone proceedings and others).
 –  The cold-rolled determination is now due February 29 (four business days after the 23d), and the hot-rolled determination is due March 14 (four business days after the announced date of March 8).
 –  The determinations will be announced the following business day in each case (March 1 and March 15, respectively).

I have been getting inquiries lately regarding our Steel Sales Training Program which, at this point in time, is a custom workshop aimed at distributors in the steel space. If your company has some interest – whether in a custom program developed specifically for your company or, you might only have one to a few people that you feel would benefit from such a program, please let me know. We have been looking at this workshop as one that we could produce on a more generalized basis for a mixed audience. You can reach me at: John@SteelMarketUpdate.com.

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

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

What's the tea in the steel industry this week? Here's the latest SMU gossip column! Just kidding... kind of. Yes, some of the comments we receive in our weekly flat-rolled market steel buyers' survey are honestly too much to put into print. Some make us laugh. Some make us cringe. Some are cryptic. Most are serious. We appreciate them all. Below are some highlights from our survey results this week. Some of the comments that we can share with you are also included, in italics, in the buyers' own words, with minimal editing on our part.

Final thoughts

Unless you've been under a rock, you know by know that Nucor's published HR price for this week is $760 per short ton, down $65/st from the company’s $825/st a week ago. I could use more colorful words. But I think it’s safe to say that most of the market was not expecting this. For starters, US sheet mills never announce price decreases. (OK, not never. It has come to my attention that Severstal North America rescinded a price increase back on Feb. 14, 2012. And it caused quite the ruckus.)