We have an article about this in tonight’s newsletter as well but I want to make sure that everyone is aware that our next Steel 101: Introduction to Steel Making & Market Fundamentals Workshop is being held in Huntsville, Alabama on January 24 & 25, 2017. As part of this workshop we will tour the Nucor Decatur electric arc furnace steel mill which produces hot rolled, HRPO, cold rolled and galvanized steels. Our instructors are second to none: John Eckstein (metallurgist, flat rolled), Peter Wright (metallurgist, long products also market analyst), Steve Painter (regional sales manager), Mario Briccetti (engineer/OEM purchasing/consulting) as well as myself (31 years selling & 8 years writing and analyzing the steel industry). You can find more details on our website or feel free to give me a call at 800-432-3475.
I don’t know about you but I am ready to have this presidential election over… Two more weeks to go (is it me or does this one seem like it has been going on for a lifetime?).
I want to welcome those of you who have recently registered for a free trial of our services. Please take some time to acquaint yourself with our website. If you have any questions on the website please contact Brett@SteelMarketUpdate.com or myself at John@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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Sometimes a journalist’s life comes with unexpected perks. That is, beyond the day-to-day of writing stories, a wayward email can come across the Inbox with an attractive invite, and the promise of free food.
There has been almost an assumption that US mills would get the $950-1,000 per ton ($47.50-50 per cwt) they were seeking on HR base and $1,150-2,000 per ton ($57.50-60 per cwt) for cold-rolled and coated base. Recall that Cliffs initially announced an increase and said it was seeking $1,000 per minimum for hot-rolled coil. Nucor […]
United Auto Workers (UAW) members have ratified a new labor contract with Detroit-based General Motors, the largest US automaker. In other words, the UAW strike that began on Sept. 15 - and that rattled the steel industry in the months leading up to it - is almost in the rear-view mirror.
Sheet prices are up again. That shouldn’t come as a surprise on the heels of mill price hikes, scrap settling up and expected to move higher over the next few months, and inventories – as our premium subscribers will learn tomorrow – moving lower for a third month.
Cleveland-Cliffs announced it would seek a minimum base price of $1,000 per ton ($50 per cwt) for hot-rolled coil (HRC) on Nov. 7. Nucor said a day later that it was aiming for $950 per ton. Why didn’t Nucor follow Cliffs up to $1,000 ton? I think there might be some possible answers in our […]