Final Thoughts

Final Thoughts

Written by John Packard

We are three months away from our Mobile, Ala., Steel 101 workshop and we are sold out. Having said that, I would recommend that if you want to attend, add your name to our wait-list. You can do that on our website by clicking on the registration link; after you are advised that the workshop is sold out it will offer you the opportunity to add your name to the list. SSAB advised that they may not use all of their spots and, if they don’t, we will be able to add one or two more people.

We are in the process of moving the Steel 101 workshop that is scheduled to follow Mobile up in the calendar. We are working with NLMK USA and their Portage, Ind., facility for a March 2017 workshop. As 2018 progresses, we plan on holding workshops during the months of May, July/August and October. Stay tuned for exact dates and for the mills we will be working with.

Some of our readers were “disappointed” with comments made by Cleveland Cliffs CEO Lourenco Goncalves, who spoke negatively about service centers (Goncalves is the former CEO of the Metals USA service center group) along with his comments about North Korean steel. Someone sent us a note pointing out the North Koreans had only exported $350,000 of iron and steel products to the entire world from October 2016 through May 2017. In comparison, the Chinese exported $60 billion worth of iron and steel products during calendar year 2016. Steel Market Update will look into this issue further in a coming edition.

I know companies are making out their budgets for 2018 right about now. Don’t forget to budget monies to attend our 2018 SMU Steel Summit Conference, which will be held at the Georgia International Convention Center on Aug. 27-29.

We have begun to send out sponsorship and exhibitor brochures for the 2018 conference. We recommend claiming your spot early as we expect to sell out the limited number of sponsorship and exhibition spaces we have available. If you need any more information or would like a brochure, please send an email to and we will get you all the information you need.

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.