Final Thoughts

Final Thoughts
Written by John Packard
June 10, 2016
A reminder that I will be in New York City beginning on Monday and will not return to my office until late on Wednesday afternoon. I will be attending a number of steel-related meetings and conferences that surround the World Steel Dynamics Steel Success Strategies Conference. I do have some time slots open on Tuesday morning and mid afternoon should you be interested in touching base with me. You can text me or call me at: 770-596-6268 if you happen to have a spare moment. I should be close to the Sheraton Hotel most of the day on Tuesday.
Our next flat rolled steel market trends analysis will begin at 8 AM ET on Monday. If you receive an invitation please take a few moments to click on the button and to complete the questionnaire. We thank you in advance for your time which we know is valuable.
If you have already registered for our Steel Summit Conference – thank you. If you have not, well we highly recommend that you do. Our program is outstanding. The networking will be second to none and even the food will be darn good for a conference… If you have any questions please do not hesitate to contact our office at 800-432-3475 or by email: info@SteelMarketUpdate.com.
Our next Steel 101 workshop will be held in Memphis, Tennessee on November 15-16, 2016 and we will be touring the brand new Big River Steel. Space is limited. Registration is on our website.
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
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Final Thoughts
An exciting first look at the results from SMU's first scrap survey.

Final Thoughts
As Wolfe Research’s Timna Tanners put it in her opening talk at Tampa on Monday afternoon, we’re living in a world of “Trumplications” now. That probably means – at least in the short term – higher scrap costs, lower imports from countries hit with or threated tariffs, and higher steel prices. SMU data reflects that. Scrap went up in January. More than 75% of the respondents to our more recent survey expect scrap to go up again February, maybe by a lot. Lead times, meanwhile, have been ticking upward this month. It started with hot-rolled coil and plate earlier this month. Now we’re seeing coated lead times extending too.

Final Thoughts
We joked in our last Final Thoughts that Wiley trade attorney Tim Brightbill – one of the nation’s leading experts on trade law and policy – would probably be revising his presentation on Trump, trade policy, and tariffs for the Tampa Steel Conference. He did. And even after those last-minute revisions, he actually got trumped […]

Final Thoughts
The whole SMU team is packing up our laptops and our SMU polos/cardigans, loading up the PowerPoint slides, and preparing to make the trek down to Florida for the Tampa Steel Conference. There will be plenty to talk about!