Final Thoughts
Final Thoughts
Written by John Packard
March 1, 2017
I did a whirlwind trip to Philadelphia along with John Eckstein, one of our Steel 101 instructors, for a speaking engagement with a manufacturing company in the area. We provided a hybrid Steel 101/Steel Market Update presentation to a small group of executives. More and more this is something I am being asked to do and I am receptive to these kinds of speaking engagements as long as they can fit into my calendar. If you have interest in booking myself or members of our team please contact me at: John@SteelMarketUpdate.com.
Two more mills announced new coating extras for galvanized steel. Steel Dynamics (SDI) brought out new prices yesterday and NMLK USA came out with new extras today. We will work on getting all of the new extras and will provide an analysis sometime next week.
Our next flat rolled steel market trends analysis will begin on Monday morning. If you receive an invitation please click on the button contained in the invitation which will take you to our questionnaire hosted by SurveyMonkey.com.
Again, a note about our April Steel 101: Introduction to Steel Making & Market Fundamentals workshop is sold out and has a waiting list. We are in negotiations with a couple of mills regarding our next workshop which we anticipate being in late June into mid-July. We are also working on hosting another one in the late September/early October time frame. If you would like information stay tuned to our website or feel free to send us an email at info@SteelMarketUpdate.com.
I want to welcome a few companies who will be sponsoring and/or exhibiting their wares at our 7th SMU Steel Summit Conference at the end of August (28th-30th). Red Bud Industries will be joining us for the first time as a sponsor as will Majestic Steel. The Georgia Ports Authority will be returning as an exhibitor for the second year in a row. We thank you very much for your support of our conference – don’t forget to tell your customers, suppliers and steel friends where you will be at the end of August…
Details about the SMU Steel Summit Conference can be found on our website. We have a large number of speakers committed and we should be loading them onto our website for you to review (I spoke with Brett and he promised to have them up on the website by Friday afternoon).
Registration is open and we encourage those going to make hotel reservations early as we were not able to block enough rooms to accommodate everyone at the $139 special rate at the Atlanta Airport Marriott Gateway hotel which is the HQ for the conference.
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
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!