Final Thoughts
Final Thoughts
Written by John Packard
April 15, 2016
This week’s newsletters may seem a little “muted” compared to the past, this is due to my right hand man – Brett Linton – being on vacation. Brett is the one responsible for keeping track of all of the data points and graphics in both the newsletter and website. He is also responsible for crunching many of the data points we collect out of our surveys and other proprietary products we have. Brett will be back next weekend so please bear with us as we push on without his talents adding the explanation points to our articles.
There will be a larger than normal Premium supplemental issue of our newsletter first thing tomorrow morning. The issue will include extra analysis of the service center inventories and shipment data including our Apparent Excess forecast.
We will begin our next flat rolled steel survey first thing in the morning as well. If you receive an invitation to participate please take a few moments to click on the button to go to our questionnaire.
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!