Final Thoughts

Final Thoughts

Written by John Packard


I am now in Atlanta and the workload and my focus, and that of Ray Culley, Brett Linton and Diana, are all on organizing every minute of the SMU Steel Market Update program, which begins at 2 PM ET on Monday. There are always a few hiccups along the way… something to make your day a little more interesting than what you really wanted.

Most of our speakers are waiting until the last minute to provide us their presentations. This is a good news/bad news scenario for us. We have to go through every slide and marry each presentation with the agenda. For those attending, it appears every speaker is working diligently to provide timely information and opinions on many subjects impacting the domestic steel industry.

If you are attending, we have sent you a number of reminders, and in each reminder is our recommendation that you need to download our App. If you need help, have not received instructions or have questions, please contact Brett@SteelMarketUpdate.com or 706-216-2140.

The conference is SOLD OUT! We made a decision to not take all of the tables out of the room in order to squeeze more chairs into the room (and only have rows of chairs, which I personally do not like – people like tables to take notes, use their laptops or smart phones). Every seat has been sold, and we need to figure out how to fit some of the last minute procrastinators into the room.

One decision we need to make as a company, with the help of our attendees, is whether to begin limiting the number of people who can attend or expand to open it up to as many as possible. I don’t know the answer to this question as it is a new one; this is the first year we have grown by more than 100 registrants. After the conference has concluded, I will be asking the attending for their opinions.

I thought the letter sent by a large majority (but not all) of the steel mills to President Trump in support of Section 232 was an interesting move for what appears to be a stalled process. I don’t know if it will help, but it may bring the subject back up and present a “win?” for the president. We believe there has been a surge of opposition against a move to block imports and/or prevent competition in the U.S. market. This is definitely a topic that will be discussed during our conference – both during the conference and in the side conversations among the attendees.

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.