Final Thoughts
Final Thoughts
Written by John Packard
July 15, 2016
We knew it would happen and it has, we learned late on Friday that our room block has been sold out. We are trying to see if there is anything we can do to expand the block and we will be working on that over the next couple of days. However, there is another option as there is a Springhill Suites Hotel (also owned by Marriott) across the street from the Atlanta Airport Marriott Gateway Hotel. If you are having an issue please let us know by sending us an email to: info@SteelMarketUpdate.com and we will see if there is anything we can do on your behalf.
As of Sunday evening, there are 42 days until the start of our 6th Steel Summit Conference (August 29-31) in Atlanta.
Registrations have been quite strong over the past couple of weeks and we are already well over the total registrations for the 2015 Conference. If your company name is not already on our list (see our website for a listing of companies) you can register on our website: www.SteelMarketUpdate.com or by contacting our office: 800-432-3475.
I have been traveling for the past three weeks as I tried to take a “semi-vacation” in Maine. Over the past three weeks I put 4300 miles on my car (which now has 280,000 miles on it), 1681 of which came from the drive back from Maine to Florida over the weekend. A warning to those traveling either north or south on I-95 between Richmond, Virginia and Connecticut – traffic is brutal.
I am back in the office and do not expect to travel again until we leave for Atlanta at the end of August. If you have any questions, comments or suggestions please contact me at: 800-432-3475 or by email at: John@SteelMarketUpdate.com.
We will begin our mid-July flat rolled steel market trends analysis on Monday morning. If you would like to be added to our invite list please shoot me an email.
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!