Final Thoughts
Final Thoughts
Written by John Packard
November 10, 2016
I am about to embark on a two-week trip which includes stops in Memphis (and Big River Steel in Arkansas), Las Vegas (FabTech and ASD annual meeting), San Diego and then on to Los Angeles to have Thanksgiving with my daughter and the rest of our family. I will be in the office early tomorrow morning before leaving just before noon. If you would like to contact our office, Diana will be in and her number is 772-932-7538.
For those of you attending the ASD (Association of Steel Distributors) meeting and/or FabTech please note that John Eckstein and I will be conducting a short version of our Steel 101 training at FabTech on Friday morning, November 18th (8 AM until 10 AM). FabTech identifies our program as Steel Metal 101: Mill to Fabricator. In their schedule it is F79 and is being held at the Las Vegas Convention Center. John Eckstein and I will be at the ASD cocktail party on Thursday evening.
An early note regarding our publishing schedule over the Thanksgiving Holiday. We will publish this week as normal. Next week we will publish on Sunday and Tuesday evening (November 20 & 22) but will not publish on Thanksgiving Day (November 24th) or on Sunday, November 27th. We will return to our normal schedule on Tuesday, November 29th.
Buyers of galvanized and Galvalume need to be aware there are rumors that the domestic mills may play with the coating extras once again. Zinc pricing was last $1.11 per pound and is at the highest levels seen over the past 5 years. We have more information in the commodities article in tonight’s newsletter.
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
Following the United Auto Workers (UAW) union strike, organized labor seems to be enjoying a moment.
Final thoughts
I want to address a few things in this 'Final thoughts': the latest SMU survey results, the plate market, and the potential sale of U.S. Steel.
Final thoughts
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.
Final Thoughts
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 […]
Final Thoughts
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.