Final Thoughts
Final Thoughts
Written by John Packard
April 13, 2018
On Monday, April 16 we will begin our mid-April flat rolled steel market trends analysis. Our goal is to be able to spot changes in pricing, demand, negotiations, sentiment and many other trends that ultimately affect steel prices in North America. If you receive an invitation to participate please answer the first question which will then take you to the rest of the questions being asked of your industry group this week. If you want to be added to the invitee list please contact us at info@SteelMarketUpdate.com
A reminder that our Steel 101 workshop in Memphis, Tennessee still has plenty of room in it. I think this will be a special one since we are going to tour two Nucor mills – Hickman and Nucor-Yamato. I want to thank Nucor for working with us on this workshop as well as other Steel 101’s in the past. The workshop cost is $2,000 per person with a $100 per person discount for SMU member companies and another $100 per person discount for those companies sending two or more people. Details are on our website: www.SteelMarketUpdate.com/events/steel101 and you can register online or you are welcome to contact our offices at 772-932-7538. If you have any questions I would be happy to answer them for you. Send them to: John@SteelMarketUpdate.com.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final thoughts
SMU has heard from some larger buyers who have stepped back into the market to buy at prices that, if not at a bottom, they assess to be close to one. Is it enough to stretch out lead times and send prices upward again? Or do we continue to scrape along the mid-$600s per short ton (st) as we have been doing for most of the last month?
Final thoughts
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves had some insightful things to say today about the steel market and about a conference we suspect might be Steel Summit.
Final thoughts
They say a picture is worth a thousand words. Well, when you add in some commentary from respected peers in the steel industry to those pictures, that may shoot you up to five thousand words, at least. In that spirit, we’ve added some snapshots from our market survey this week, along with some comments from market participants.
Final thoughts
I thought we’d have more clarity this week on Section 232, Mexico, and a potential carve-out for steel melted and poured in Brazil. As of right now, the only official comment I have is from the Office of the United States Trade Representative (USTR).
Final thoughts
There are just 40 days left until the 2024 SMU Steel Summit gets underway on Aug. 26 at the Georgia International Convention Center (GICC) in Atlanta. And I’m pleased to announce that it's official now: More than 1,000 people have registered to at attend! Another big development: The desktop version of the networking app for the event has officially launched!