Final Thoughts
Final Thoughts
Written by John Packard
March 25, 2016
SMU still has a number of open spots available for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop. The workshop will be held just outside of Toledo, Ohio as part of our program will be a tour of one of the most successful flat rolled mini-mills in the United States, the North Star Bluescope mill. Our highly experienced instructors, who come from steel mills (long and flat rolled), service center and manufacturing, are looking forward to working with another exceptional group of attendees. If you would like to learn more about our Steel 101 workshop please go to our website or feel free to contact me at: John@SteelMarketUpdate.com or by phone at: 800-432-3475 with any questions you might have.
I want to welcome our newest member companies (subscribers) to Steel Market Update. I encourage you to spend time going through our website as well as reading our newsletters. If you need help navigating the site or have questions please contact: Brett@SteelMarketUpdate.com and he should be able to assist you. If you have questions, comments or suggestions we are all ears. You can send them to me personally (my email is in the paragraph above) or to our general inbox: info@SteelMarketUpdate.com. Thank you for putting your faith in us and we will do our best to provide the best informed market intelligence possible.
I will be in Naples, Florida on Thursday through Saturday of this week attending the Association of Steel Distributors (ASD) annual meeting.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
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!