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
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!