Final Thoughts
Final Thoughts
Written by John Packard
April 8, 2016
We only have a few spots left for our upcoming Steel 101: Introduction to Steel Making & Market Fundamentals workshop. If you or your company has interest in attending the May 17-18, 2016 workshop, which will be located in Sylvania, Ohio (just outside of Toledo) at the Wingate Hotel, please register online or contact our office at 800-432-3475. The workshop will include a tour of the North Star Bluescope electric arc furnace steel mill.
The next Steel 101 workshop will be held in Memphis, Tennessee and will include a tour and expanded coverage of the brand new Big River Steel which is located just across the border in Arkansas. We are making final arrangements now but expect the workshop to be the first week of November 2016. More details will be coming in the following weeks.
Of course, between our May Steel 101 workshop and the first one to be held at Big River Steel in November will be our 6th Steel Summit Conference in Atlanta, Georgia. We want to thank our sponsoring companies: Pacesetter Steel, Big River Steel, Steel Dynamics, Tennessee Steel Haulers, Magic Coil Products, Alliance Steel & Kenwal Steel as well as our newest exhibitors: The Institute for Trends Research and Choice Energy Services.
We have a limited number of sponsorship spots left and exhibition areas available. If you would like more information about becoming a sponsor or exhibiting at our conference please contact us at: info@SteelMarketUpdate.com.
There is more information about our speakers in the article after this one.
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
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Final thoughts
SMU had the pleasure of attending the American Iron and Steel Institute's (AISI's) annual general meeting in Washington this week. It was a slow week in our nation's capital, so we were able to take a leisurely stroll around the National Mall and take in the sights. Just kidding. In fact, the meeting coincided with significant trade actions announced by the Biden administration. It included, among other things, additional tariffs on Chinese steel and aluminum.
Final thoughts
Our spot price is little changed this week after moving sharply lower last week on the heels of Nucor’s unexpected price cut. Here’s one thought on that trend: Nucor's weekly HR price (aka, its “Consumer Spot Price” or CSP) has to date functioned almost more like a monthly price.
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
Last week we wrote about a brief lull in price movement, labeling it a period of wait and see. It did, in fact, turn out to be pretty brief. This week... things are little bit different. Perhaps right now we are more in a period of "hope and pray" or "Here we go, hold on to your hats."