Final Thoughts
Final Thoughts
Written by John Packard
March 6, 2017
Just to make sure that everyone saw this: SMU received a note from a Nucor spokesperson that their Louisiana DRI facility would be back up later this week, “Repairs at our Louisiana DRI plant are ahead of schedule and we plan to restart the plant this week. An equipment failure resulted in the need to temporarily suspend operations. This temporary suspension in operations has not impacted production at any of Nucor’s steel mills, nor has it impacted our 180 teammates who work at the DRI plant.”
I am thinking about bringing in a high-power, well known speaker to close our conference this year. It would be someone that most of the attendees have seen on TV as a financial or political analyst (or both). I would like to get some feedback from those who will be attending our SMU Steel Summit Conference this year, or who are considering attending as I would like to know if a well-known TV personality would help convince you to attend (and to remain for the entire conference)? You can provide me feedback by sending me an email at: John@SteelMarketUpdate.com. Also, if you have a TV financial, political or media personality you think would be a good fit for our conference please let me know.
I am off to New Orleans first thing Wednesday morning. I am attending the ASD and FMA conferences. If you are going to be there and would like a few minutes to chat, have lunch or dinner, please send me an email or text.
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
With the US presidential election decided, ‘wait and see’ has quickly turned into ‘we’re about to find out.’ Following Donald Trump’s victory, I had a chance to sit down with Kevin Dempsey, president and CEO of the American Iron and Steel Institute (AISI). He gave his thoughts on what he thought we might see in Trump’s second term in office, and what it means for steel.
Final Thoughts
Votes were still being counted when this column posted on Tuesday evening. And I’d be surprised if we know who the president will be by the time some of you are reading it on Wednesday morning.
Final Thoughts
Next week promises to be a big week for the country. Could even top the World Series (congrats to the Dodgers). As we all hold our breath to see what happens next, it’s a good time to reflect.
Final Thoughts
It’s official. U.S. Steel has made the first coil at Big River Steel 2 (BRS2). We congratulate the company and all the hard work that went into achieving that milestone. USS said BRS2 would begin shipments to customers this quarter. And we’re assuming those volumes will increase into Q1'25.
Final Thoughts
Nucor said it is seeking $740 per short ton (st) for hot-rolled (HR) coil this week, up $20/st from last week. USS, meanwhile, is shooting for up $30/st for sheet products in general. (USS did not announce a target price for HR.)