Final Thoughts

Final Thoughts

Written by John Packard


We discovered earlier today that our office phones (including our 800 number) are down and calls are not being transferred or going to voicemail. We are in touch with Comcast to get the issue resolved. Although we understand it is a system wide failure not just our phones. In the meantime, if you need to reach the office regarding questions, registration or other issues please contact Brett Linton at 706-216-2140. He can also be reached at: Brett@SteelMarketUpdate.com. If you need to speak with me I can be reached at 770-596-6268 or by email at: John@SteelMarketUpdate.com. You can keep these numbers and email addresses in your SMU “happy place” should you ever have issues trying to reach our offices.

We have officially exceeded the number of registrations we had for last year’s Steel Summit Conference and we still have 48 days to go. We do have a list of companies listed on our website (just below the sponsors on the right hand side of the Steel Summit pages). If you want to know who exactly is registered you will need to be registered yourself. Then you can use our SMU Events App (available in your App store at no cost) to search attendees.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

What's the tea in the steel industry this week? Here's the latest SMU gossip column! Just kidding... kind of. Yes, some of the comments we receive in our weekly flat-rolled market steel buyers' survey are honestly too much to put into print. Some make us laugh. Some make us cringe. Some are cryptic. Most are serious. We appreciate them all. Below are some highlights from our survey results this week. Some of the comments that we can share with you are also included, in italics, in the buyers' own words, with minimal editing on our part.

Final thoughts

Unless you've been under a rock, you know by know that Nucor's published HR price for this week is $760 per short ton, down $65/st from the company’s $825/st a week ago. I could use more colorful words. But I think it’s safe to say that most of the market was not expecting this. For starters, US sheet mills never announce price decreases. (OK, not never. It has come to my attention that Severstal North America rescinded a price increase back on Feb. 14, 2012. And it caused quite the ruckus.)