A quick note to those who will be attending the Chicago Metals Industry Boy Scout Dinner on Thursday of this week. I will be there as well. If you want to get a moment to chat send me an email or text. My email is John@SteelMarketUpdate.com.
While communicating with a service center executive late on Friday I was told:
Some other things that are bugging me right now: 1) A number of suppliers have scheduled maintenance coming up. 2) For the most part, mills are shipping on-time right now and managing their order book. If there is any slip in on-time delivery, there’s no inventory out there to cover it. That could be a source of a lot of frustration this summer.
We need to watch production carefully as unplanned outages such as the North Star BlueScope explosion and fire (unknown right now if production will be affected) could have ripple effects through the industry. Especially, as the service center pointed out above, is there is no build-up in inventory to provide a cushion.
We encourage our readers (and everyone in the industry for that matter) to attend our 2016 Steel Summit Conference. I have a feeling there will be much to discuss about the industry and issues affecting manufacturing, distribution and others in the industry come August 29th through the 31st. If you have any questions about the conference that you are unable to get answered on our website please feel free to contact our office at: 800-432-3475 or by email: info@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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