Final Thoughts

Final Thoughts

Written by John Packard


Happy Mother’s Day (at least for one more hour here on the East Coast)…

We are beginning our mid-May flat rolled steel market trends survey at 8 AM ET tomorrow (Monday) morning. If you receive an invitation to participate please take a few minutes to click on the button on your invitation and complete our questionnaire. At the end of this week we will have a Power Point presentation which is available to those who participate in the survey as well as our Premium level customers.

I will be traveling beginning on Wednesday as I head for Atlanta to meet with the Georgia International Convention Center (www.GICC.com), the Marriott Gateway Hotel and the new AV company that will be working with SMU to bring the look and feel of the 2017 conference to a new level. As of this evening we have 105 days remaining before the 7th SMU Steel Summit Conference begins. Tell your steel friends, suppliers and customers to meet us in Atlanta on August 28, 29 & 30th.

I want to take a moment to thank trade attorney Lewis Leibowitz for all of the support he has given Steel Market Update, our readers and those attending our conferences as we try to navigate AD/CVD, Section 337, Circumvention and now the Section 232 investigation. I hope you are finding his help valuable. He will be working with SMU again at this year’s SMU Steel Summit Conference as he teams with former ITC Chairman, Daniel Pearson of the Cato Institute to help our attendees better understand all of the trade suits, deposits, duties, remedies and maybe what’s next. We added a special Pre-Summit program on Monday afternoon. Plan on arriving early and staying until the end. We still have surprises to come.

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.