Final Thoughts
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Final Thoughts
Written by John Packard
March 23, 2016
As we head into the Good Friday and Easter weekend holiday we want to wish everyone an enjoyable time with family and friends. Steel Market Update will not publish a newsletter on Sunday so our next official publication will be on Tuesday evening of next week.
Even so, that should not prevent you for communicating with us over the weekend. We will respond to your calls and we always respond to our emails.
Speaking of emails we have been getting a number of positive comments over the past couple of days.
“SMU Team, happy Thursday, I want to tell you that I treat your reports as my bible. Thank you for your in-depth analysis and diverse topics.” Linda Ortepi, Corporate Buyer-Raw Materials, Kirchoff Automotive.
We also saw a comment this morning from someone on a free trial, “Peter, first of all thank you for article and aggregated data. It certainly helps to explain why HRC has diverged so strongly from long products on the recent pricing trend.” He then went on to ask a question about the classification of one of the long products.
Readers enjoy our newsletter for a wide variety of reasons and we enjoy hearing from you. Recently we heard from a small service center who told us they used our Price Estimator on our website to help them value their inventory at the end of the month. Creative and independent way to keep the banks and bankers happy…
If you enjoy Steel Market Update drop us a line. We would love to hear from you: John@SteelMarketUpdate.com
If for some reason you are not pleased – I want to hear from you so we can address whatever your concern(s) might be.
Please stay safe over the weekend and I will be the one with the bike shorts and helmet zipping around South Florida’s bike paths.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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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?
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
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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).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
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!