Final Thoughts

Final Thoughts

Written by John Packard


I am in Ohio as we will be hosting another one of our Steel 101 workshops in Sylvania, Ohio. The accident at North Star BlueScope has resulted in the loss of our mill tour. However, I believe this program will be one of the strongest presented as we have been working overtime to fill the void left by the lost tour. We have a great group of steel people coming and I know our instructors are looking forward to this workshop.

North Star BlueScope has told us we will be welcome into their mill on a future occasions when there aren’t contractors working on repairing their steel making operations.

Our next Steel 101 workshop will be held in Memphis, Tennessee in November of this year and will include a “special tour” of Big River Steel. We will be sharing details about this program within the next couple of weeks.

We are sending out our mid-May flat rolled steel market questionnaire at 8 AM on Monday morning. If you are on our invitee list we hope you will take a few moments to click on the button in our invitation which will take you to the survey hosted on the SurveyMonkey.com website.

Take a moment to go to our website and review our Steel Summit program. We have added a couple of new speakers over the last week and we will be adding a couple more before the agenda will be closed. If you are planning on attending we recommend both registering for the conference on our website or through our offices: 800-432-3475 and make hotel reservations. We have a limited number of rooms blocked at the special $139 rate (versus the normal $239 rate). If I have an idea that we may exceed our room block I will try to increase it. Hotel rooms are subject to availability (there is another hotel across the street also owned by Marriott).

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

 

Latest in Final Thoughts

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

Unless you've been under a rock, you know by know that Nucor's published HR price for this week is $760 per short ton, down $65/st from the company’s $825/st a week ago. I could use more colorful words. But I think it’s safe to say that most of the market was not expecting this. For starters, US sheet mills never announce price decreases. (OK, not never. It has come to my attention that Severstal North America rescinded a price increase back on Feb. 14, 2012. And it caused quite the ruckus.)