Final Thoughts

Final Thoughts

Written by John Packard


Another note regarding our SMU Service Center Flat Rolled Steel Inventories report. This information is provided first to those companies who supply data. So, if you are a service center or wholesaler selling prime flat rolled and/or plate products and you would like to participate as a confidential data provider, please contact me at John@SteelMarketUpdate.com.

We are producing two separate reports from the data being collected from service centers. We have a “Flash” Report, which you have seen in this evening’s issue. The “Flash” Report is generated from approximately half of the qualified distributors registered to provide inventory information. The purpose of the “Flash” Report is to provide some form of guidance to those actively buying and selling steel, as well as those in the financial community. In a few days, we will produce a second more detailed report, which comes from the full data collection.

These reports are still new to Steel Market Update. The data being shared for the month of January is the seventh produced by SMU. Our goal is to expand the number of companies canvassed and to ultimately be able to break into specific products (hot rolled, cold rolled, galvanized, etc.). We are also actively looking to expand to include a separate report for plate inventories as we add new plate service centers.

If your service center inventories plate products and you would like to be added to the confidential list of data providers, please contact me at John@SteelMarketUpdate.com.

Registrations for both events currently are being sold on the website: March 28-29 SMU Steel 101 workshop and August 27-29 SMU Steel Summit Conference have been active this week. We expect our Steel 101 workshop to sell out before the end of the month of February (perhaps sooner) as we have about 5-7 spots left in the March class. Our SMU Steel Summit Conference registrations are way ahead of where we were one year ago when we became the largest steel conference in North America with 677 registrations (actual attendance was 650 due to the Houston flooding – we returned all of the monies from those who could not attend our 2017 event due to the flooding). You can register online for both programs or you are welcome to contact Diana or Alison at 772-932-7538 and they can take care of any special needs you might have including sending invoices or taking payments over the phone.

If you have any questions about the program (which we have been keeping tight to our vest) you are welcome to contact me. I can be reached at 800-432-3475 or by email at the address shown above. We are working very hard to provide a unique and timely agenda that is both packed with information as well as being entertaining.

Our conference is also the best networking opportunity you are going to find in North America. We are planning on 750+ manufacturing, service center, wholesaler, steel mill, trading company, toll processors and suppliers to the industry (such as trucking companies, paint companies, financial institutions, analysts, etc.) to be at this year’s conference. We highly recommend you register early and make your hotel reservations early. We are not able to block 750 rooms, so the hotels with the lowest rates are there on a first come, first served basis. We sold out the hotels around the convention center by early June last year….

We do have a few sponsor slots left and a small number of exhibition slots. If you are interested in sponsoring or exhibiting, you can contact either me or Jill Waldman (Jill@SteelMarketUpdate.com) and we will answer your questions.

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.