Final Thoughts
Final Thoughts
Written by John Packard
May 13, 2016
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
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!