Final Thoughts

Final Thoughts

Written by John Packard


Galvanized steel buyers need to continue to watch LME zinc pricing as there are reports out there suggesting higher zinc prices as 2017 progresses and into 2018. This will be one of the subjects touched on during our 7th SMU Steel Summit Conference at the end of August. With the mills just having announced new extras my expectation is we are probably “safe” for at least three months. But, if you start to see zinc trading above $1.30 and as high as $1.40 per pound then be prepared for more changes.

We have finalized negotiations with our hotel in Ontario, California for our June 2017 Steel 101 workshop. The dates for the workshop are Thursday, June 22nd and Friday, June 23rd. We normally conduct our workshops on Tuesday and Wednesdays but we wanted to be able to see the re-heat furnaces and hot strip mill in action and the later part of the week worked best. It will also allow those coming from the Midwest and East Coast some flexibility in travel to and from the West Coast. It also provides an opportunity for those who would like to add a day or two to enjoy California to do so. Details about the workshop, costs and registration can be found on our website. If you have any questions please do not hesitate to ask: info@SteelMarketUpdate.com

We have 127 people registered for the SMU Steel Summit Conference with still 159 days to go (next Tuesday will mark the point when we will have 5 months to go). We are essentially 100 registrations ahead of last year’s pace when we saw 430 executives attending our 2016 SMU Steel Summit Conference. Our expectation is we will break our attendance record by at least 100 people if not more. So, I recommend registering early. For individual registrations click here or group registrations here.

We started our mid-March flat rolled steel market trends survey earlier this week and we will continue collecting responses through Thursday morning. Our Premium level members can expect to see our analysis in a Power Point format on the website on Friday afternoon. If you would like to be added to our survey invitee list please contact me at: John@SteelMarketUpdate.com or you are welcome to give me a call at 800-432-3475.

As always your business is truly appreciated by all of us here at Steel Market Update.

John Packard, Publisher

Latest in Final Thoughts

Final thoughts

Last week was a newsy one for the US sheet market. Nucor’s announcement that it would publish a weekly HR spot price was the talk of the town – whether that was in chatter among colleagues, at the Boy Scouts of America Metals Industry dinner, or in SMU’s latest market survey. Some think that it could Nucor's spot HR price could bring stability to notoriously volatile US sheet prices, according to SMU's latest steel market survey. Others think it’s too early to gauge its impact. And still others said they were leery of any attempt by producers to control prices.