Final Thoughts

Final Thoughts
Written by John Packard
October 7, 2016
When we last left you Hurricane Matthew was just beginning to approach the east coast of Florida as a category 4 storm. I was a little concerned about our office building and our home. I am pleased to tell you that the storm took a little jog to the east as it left the Bahamas. Enough of a move that the storm remained off shore and there was essentially little damage done in southern Florida. We dodged the bullet on this one.
I want to thank everyone who sent well wishes as we waited out the storm.
As I drove around this area of Florida I didn’t see the roofing and other structural wind damage to structures that require steel for repairs. This may be different in northern sections of Florida, Georgia, South Carolina and North Carolina where flooding seems to be rampant.
Last week I mentioned that we have a waiting list for the Memphis/Big River Steel Steel 101 workshop. The next one after Memphis will be held in Huntsville, Alabama and we will tour the Nucor Decatur facility. We hope to have exact dates and details on our website towards the end of this week or the beginning of next week. Stay tuned to our website for details.
Tonight is the second presidential debate (9 PM ET) so I am going to end here to allow everyone time to get popcorn and their favorite drink of the day and settle in for the show.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher

John Packard
Read more from John PackardLatest in Final Thoughts

Final Thoughts: AMU brings the news
Usually, I write about steel in this column because, well, we’re Steel Market Update. But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication.

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.