Final Thoughts

Final Thoughts

Written by John Packard


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

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.)