Final Thoughts
Final Thoughts
Written by John Packard
May 23, 2016
the U.S. Department of Commerce will release their Final Determination on the corrosion resistant antidumping and countervailing duty trade suit on Wednesday, May 25th (not today). We will have a full report once we receive the announcement on Wednesday.
Steel Market Update will not publish our newsletter on Sunday, May 29th due to the Memorial Day Holiday. We will return to our normal publishing schedule on Tuesday, May 31st. We will begin our early June flat rolled steel market trends analysis on Tuesday morning as well.
For those of you who are interested in learning more about the hot rolled futures markets the CME Group has asked me to pass along an invite to their New York City Manage Your Price Risk forum at the Park Central Hotel on Monday, June 13th. You can register by clicking here (you made need to be logged into our website for the link to work properly).
I will be in New York City on the 13th and 14th of June as I attend a number of functions around the Steel Success Strategies conference. I am booked solid on the 13th but have some time available on Tuesday the 14th if anyone would like to have breakfast or share a cup of coffee. Just drop me an email at: John@SteelMarketUpdate.com
Don’t forget while in New York talk up our Steel Summit Conference…
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: AMU brings the news
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Final Thoughts
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.