Final Thoughts
Final Thoughts
Written by John Packard
June 7, 2017
For those of you either attending or thinking of attending the 2017 SMU Steel Summit Conference in Atlanta on August 28, 29 & 30th our room block at the host hotel, which is the Atlanta Airport Marriott Gateway Hotel located next to the Georgia International Convention Center (GICC). Even though our room block is complete the hotel still has a minimal number of rooms and, as of Wednesday, June 7th the room rate was $249 per night plus taxes.
We have also booked all of the rooms blocked at the SpringHill Suites Gateway Hotel which is located across the street from the Marriott and GICC. Like the Marriott the SpringHill Suites Hotel has a limited number of rooms available which can be booked through their website for $159 per night (as of Wednesday, June 7th rates subject to change).
Our room block at the Atlanta Airport Renaissance Gateway Hotel is still available and the SMU room block rate is $154 per night. This hotel is brand new (opened a couple of weeks ago) and is located directly across the street from the host Marriott hotel. You can go directly to the Renaissance registration page that has our rate by clicking here.
We expect all of our room blocks to be sold out within the next 7-10 days. Once they have been exhausted we will not be able to guarantee our special rates and rooms will need to be booked through the hotel website (they are all owned by Marriott).
A note to those wanting to get our weekly plate price indices we will begin posting the data on our website once we have six months of history. I want to make sure that our data is consistent and accurate and that we have a bit of history to share. The six month time period is coming up soon so you can expect to see plate pricing under the “Pricing” tab on our website.
If anyone is still interested in attending our Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Ontario, California we have a couple of seats still available. We have an interesting class with one of our attendees traveling all the way from Singapore. We will tour the California Steel Industries steel mill as part of our class. You can find details on our website.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
I think there is an obvious case for sheet and plate prices going higher from here. That’s because, on a very basic level, the floor for flat-rolled steel prices, which is typically provided by imports, is now significantly higher than it was a week ago.
Final Thoughts
We're about to hit 50% Section 232 steel tariffs. What could happen?
Final Thoughts
With higher tariff rates on steel and aluminum set to go into effect on Wednesday, June 4, a new round of chaos across the supply chain is likely in store. Expect a significant impact on manufacturers and metal fabricators. But even before the latest round of Trump-tariff whiplash on Friday evening, there was a lot of interesting data coming out of SMU's steel-market survey.
Final Thoughts
A short tour of key dates in the Nippon/USS deal, and what the future might hold.
Final Thoughts
I sort of expected big news last Friday and over the long, Memorial Day weekend. Because that's become more the norm than the exception for steel this year. Sure enough, Trump posted on Truth Social on Friday afternoon that he had given his blessing to a “partnership” between Nippon Steel and U.S. Steel. And then over the weekend we had market moving new on tariffs, this time involving the EU.