Final Thoughts

Final Thoughts

Written by John Packard


Steel Market Update (SMU) will begin our next flat rolled steel market trends survey at 8 AM ET tomorrow (Monday). If you receive an invitation, please take a few moments to click on the button in the message and fill out our questionnaire. Most people are able to get through the process in less than five minutes. We think this will be an important barometer to see if the price increases are taking hold, what is happening with lead times and mill negotiations, as well as how steel distributors are handling spot sales to their customers. Again, look for the invitation to participate at 8 AM ET.

A second reminder that our Steel 101: Introduction to Steel Making & Market Fundamentals workshop scheduled for Mobile, Ala. on Jan. 24-25, 2018, is sold out. We are creating a waiting list, and we are hopeful we will be able to accommodate a couple of those on the list once we get closer to the workshop dates. The Mobile workshop includes a tour of the SSAB Mobile minimill.

Following Mobile, we will be traveling to Portage, Ind., to tour the NLMK USA minimill. We are working on finalizing the dates of that workshop, which will be in the month of March. After Portage, we anticipate hosting another Steel 101 workshop in May, then we are looking at one during the summer months and finally one in October.

I want to welcome a new addition to the Steel Market Update family. We have added Jill Waldman to our Events team. Jill will be working with Ray Culley and me on next year’s SMU Steel Summit Conference. She will be involved first with coordinating our sponsor and exhibitor efforts. If you would like to communicate with her, she can be reached at Jill@SteelMarketUpdate.com.

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.