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    Analysis

    May 2, 2016

    Final Thoughts

    Written by John Packard

    The move by ArcelorMittal USA today was anticipated and the price levels noted in their increase email to their customers are in line with expectations. I expect the rest of the mills will follow along within $10-$20 per ton of the levels suggested by AMUSA. Some of the mills may wait for scrap prices to settle which is expected by the end of this week. So, we should see most, if not all of the mills move by early next week at the latest.

    I saw an interesting comment today in an email I received from Level Five Associates which Steel Market Update totally agrees with: “First, define work as a learning experience. That means the leader clearly ‘walks the talk’ in demonstrating that both failures and successes are opportunities to continuous improvement through shared lessons learned. The leader models behavior by owning his or her mistakes, and doing something about them.” They went on to explain that after a “significant event” a team examines the event and makes proposals in order to create a high-performing culture:

    John Packard

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    Market chatter: Supply, not price, dominates steel buyers’ concerns

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