Final Thoughts
Final Thoughts
Written by John Packard
September 12, 2016
I spent a great deal of time on two projects: flat rolled pricing and steel mill maintenance schedules. I want to thank those companies who worked with me over the past few working days to be able to provide what I think is better data (both in pricing and in the schedules) than what has previously been available out in the market.
A note to our Premium level customers, we are reviewing and redoing much of the imports by port data we have on the website. If you have any questions about the data please contact Brett@SteelMarketUpdate.com
Our Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Memphis, TN is close to being sold out. The dates on the workshop are November 15-16 and will include a tour of the Big River Steel mill just as it is about to come online and begin producing its first hot rolled coils. Details are on our website: www.SteelMarketUpdate.com or you can contact our office at 800-432-3475 or info@SteelMarketUpdate.com and we will do our best to respond to your questions.
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
If I could change something, it’d be this: Political news would get more boring. And news about steel prices and steel demand would get a little more exciting.
Final Thoughts: Survey says edition
SMU’s latest survey results indicate that steel market participants think sheet prices are at or near a bottom. But most also think there is limited upside once they inflect higher.
Final Thoughts
A recent IIMA meeting in Brazil shows how the US and much of the rest of the world are operating in parallel realities.
Final Thoughts
We moved our pricing momentum indicators from “lower” to “neutral” for all sheet products this week. For those keeping score, we had been at “lower” for six weeks. And I know some of you think we should have been there for even longer.