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
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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!