Final Thoughts
Final Thoughts
Written by John Packard
April 22, 2016
My focus over the next few days is going to be on demand and how demand will impact the flat rolled steel markets over the next couple of months. I began the process by looking at the Steel Dynamics earnings conference call transcript for hints as to how SDI sees the market progressing through 2nd and 3rd Quarters 2016. The article is contained in tonight’s issue and you may want to read it if you are at all concerned about how full the mills really are and what they see going forward.
But, I want to know more and you can help. Please send me your thoughts and opinions on demand for your products from now through the remainder of this year. You can reach me at: John@SteelMarketUpdate.com.
Our Steel 101: Introduction to Steel Making & Market Fundamentals workshop is officially SOLD OUT. We have an exceptional and very diverse class and I am looking forward to participating in this workshop and with working with our friends at North Star Bluescope. Our next workshop will not be until early November when we will roll out a special edition of our Steel 101 program in conjunction with Big River Steel. We will have more details on this workshop in the coming weeks.
I hope to roll-out a few more speakers to fill out our Steel Summit 2016 program. We have attached the speakers confirmed to date and we are getting rave reviews from manufacturers, service centers, trading companies and steel mills about the strength of the program. Registration is open and we encourage your company to register early (and often). We believe this year’s program will have something for everyone: CEO to brand new sales person or purchasing agent. If you have any questions I am always available: 800-432-3475 or John@SteelMarketUpdate.com. If you need an invoice or would like to register a large number of attendees from your company (and we have many who are bringing 3 or more people) you can communicate with me or Diana@SteelMarketUpdate.com. You can find more details about the hotel, conference center, program and registration on our website: www.SteelMarketUpdate.com.
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!