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
With the US presidential election decided, ‘wait and see’ has quickly turned into ‘we’re about to find out.’ Following Donald Trump’s victory, I had a chance to sit down with Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI). He gave his thoughts on what he thought we might see in Trump’s second term in office, and what it means for steel.
Final Thoughts
Votes were still being counted when this column posted on Tuesday evening. And I’d be surprised if we know who the president will be by the time some of you are reading it on Wednesday morning.
Final Thoughts
Next week promises to be a big week for the country. Could even top the World Series (congrats to the Dodgers). As we all hold our breath to see what happens next, it’s a good time to reflect.
Final Thoughts
It’s official. U.S. Steel has made the first coil at Big River Steel 2 (BRS2). We congratulate the company and all the hard work that went into achieving that milestone. USS said BRS2 would begin shipments to customers this quarter. And we’re assuming those volumes will increase into Q1'25.
Final Thoughts
Nucor said it is seeking $740 per short ton (st) for hot-rolled (HR) coil this week, up $20/st from last week. USS, meanwhile, is shooting for up $30/st for sheet products in general. (USS did not announce a target price for HR.)