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
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!