Final Thoughts
Final Thoughts
Written by John Packard
June 30, 2017
Happy Independence Day Weekend for those in the United States and Happy Dominion Day (150 years) for those in Canada. I hope everyone is enjoying some extra time off with family and friends.
From here all is quiet – the only news we have to share is a change in the date of our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held in Ft. Wayne, Ind., and will include a tour of the SDI Butler facility. The dates on this workshop are Wednesday, October 4th and Thursday, October 5th, 2017. We should have registration details up on our website right after the conclusion of the Independence Day Weekend. If you have any questions, feel free to contact our offices at 800-432-3475 or info@SteelMarketUpdate.com
Have a good Holiday Weekend. We will be closed on Monday and Tuesday but we will check messages.
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!