Final Thoughts

Final Thoughts

Written by John Packard


I have a feeling if I were to write a long drawn-out final thoughts article that our readers would shoot me… I think we have 16 articles in tonight’s newsletter – many of them top-line articles (price increases, MSCI data, Sentiment, Lead Times, Negotiations, Section 232, etc.). What you don’t know is we actually moved five articles out of this newsletter to Sunday evening’s issue…

By the way, if there are any SBQ buyers out there, give me a call (or shoot me an email). Just trying to help out another SBQ end user who asked me a question I couldn’t answer (and I always try to answer questions when asked). You can reach me at 800-432-3475 or at John@SteelMarketUpdate.com

Quick note about next week’s publishing schedule. We will publish a larger than normal newsletter on Sunday evening…. Then we publish as normal on Tuesday. Thursday is Thanksgiving in the United States and I have to give my exceptional employees the day off (and as much of the weekend as possible). Since we will be publishing a thicker than normal newsletter this Sunday we will publish a thinner than normal one on the Sunday after Thanksgiving.

While I am talking about Holidays. One of the issues with having motivated employees is they don’t take a lot of time off. So, I fixed them and insisted that everyone take off the week between Christmas and New Year’s. For the first time since I started Steel Market Update I am going to leave the country for 12 days at that same time. Don’t worry, I am still a workaholic and I have made arrangements to make sure I have internet and my phone works while traveling (at least when we are near land with cell towers). If something happens I will cover it…

If you started reading from the top and you finally got to here – well, thank you for plowing through tonight’s issue.

And, as always, your business is truly appreciated by all of us here at Steel Market Update – tell your steel friends about us…

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.