Final Thoughts
Final Thoughts
Written by John Packard
September 2, 2016
Boy was it nice to have a long weekend off. After the non-stop go, go, go of our Steel Summit Conference I needed a few days to just unwind and do essentially nothing.
As of 6 PM this evening the weekly raw steel production report provided by the AISI had not been published. Too much holiday fun for the person responsible for the data I guess. I expect they will have the data available for our Thursday edition of SMU.
One photo from the Monday evening reception says it all, yours truly needs to lose some weight…(or, make sure no one takes any side shot photos of me…). So, one of the early goals for next year’s conference is to take the same angle photo to see if I look any better.
One interesting poll we took during the conference was regarding who the audience was supporting for president. The blind results with 148 respondents was: Who cares 16%, Other 14%, Hillary Clinton 22% and Donald Trump 48%.
Here are some numbers for you to review regarding this year’s conference. We ended up with 430 registrations. We had 4-5 cancellations within the last 48 hours where they were unable to have someone take their place. So, we probably had 425 people actually show for the conference.
A warm thank you to all 430 of you that registered, to our speakers and especially to my staff: Ray Culley, Brett Linton, Diana Packard, Sandy Williams, Mario Briccetti, Steve Painter, Peter Wright, Ryan Packard and John Eckstein.
I also want to thank Timna Tanners and Joe Innace for agreeing to help host various panels. They did a great job and their help was greatly appreciated.
On Monday we had a tremendous gathering at the Marriott Gateway Hotel for an informal networking opportunity. I know the bar tenders were very happy between the special coupons we were using compliments of Tennessee Steel Haulers and the fact that steel people like to hang around the lounge area to talk and, well have a drink or two. I am quite sure the bar stayed open much later than normal.
The mood of the attendees was more upbeat than one year ago. Lee McMillan, Analyst with Clarksons Platou Securities wrote in a note to his clients, “We had the pleasure of attending Steel Market Update’s Steel Summit 2016 conference in Atlanta last week, and we provide a few takeaways below. The conference is a favorite of ours, particularly due to the high proportion of purchasing managers and steel salesmen, and the market knowledge to be gained from their direct involvement in the daily purchase and sale of steel products. Sentiment was markedly more diverse this year than last (when just about everyone was roundly bearish), but generally people expected prices to fall somewhat from here…”
We got some great suggestions on how we can take a conference that is already very good and make it better. We are already working on those suggestions and you can mark your calendars for August 28-30, 2017 in Atlanta.
Regarding 2017 Steel Summit sponsorships: We have an interesting dilemma as we have a number of companies who want to be sponsors or exhibitors at next year’s event. Those who sponsored this year will get first crack and then we will work from the list based on those who asked first. If your company has an interest please let me know and we will add you to the list.
I want to take a moment to welcome our newest member companies – both Executive and Premium – as well as our new free trials. We want you to be aware that we try to stay as accessible as possible to our members as well as those on a trial. You can reach us at info@SteelMarketUpdate.com or by phone at 800-432-3475. We enjoy questions, comments and suggestions as we are always interested in improving our products and our newsletter articles.
As always your business is truly appreciated by all of us at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final thoughts
The phrase “political football” has been tossed around a lot lately. (Pun probably intended.) For the humble journalists at SMU who thought the week following Steel Summit would prove a quiet one… the news cycle had other ideas
Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
Final thoughts
Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)
Final thoughts
I want to say a huge ‘thank you’ from all of us at SMU to all of you (more than 1,500!) who attended Steel Summit this year. We appreciate you taking time out of busy schedules to join us – whether that was up on stage, submitting thoughtful questions, or catching up over a drink and bite to eat. Also, a bit shoutout to everyone at SMU and at CRU who made this event possible. It’s no understatement to say that we have a fantastic team.
Final thoughts
Day one and two of SMU's Steel Summit 2024 are officially in the books. We covered a lot of ground, and the agenda sure did deliver.