Final Thoughts
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Final Thoughts
Written by John Packard
June 11, 2018
I (and the SMU team) are firmly ensconced in trying to learn all we can about our new owners the CRU Group, while at the same time answering questions from them about our products and services and how we can provide the most value to our members. One of the first things that came up is the CRU Group briefing, which will be held in New York City on June 25.
I will be heading to New York City on the 25th of June as I will be participating in the CRU Group Briefing, which is being held at the Westin Times Square Hotel that afternoon. The CRU Group is inviting any of the Steel Market Update member companies to join them at this free event. You can register for the CRU Group briefing by going to this link: http://bit.ly/2JDdMnN
I have sat in on a recent CRU Group webinar about the Section 232 issues affecting the steel and aluminum markets and it was quite good. I think our SMU members who are traveling to NYC for the various meetings would enjoy joining us at the Westin on Monday afternoon. If you have any questions, feel free to reach out to me at John@SteelMarketUpdate.com
If you use Google Chrome as your web browser, you may have experienced an issue registering for the SMU Steel Summit Conference. It is due to a security update; if you update your browser you will be able to register on our website. If you have any issues, contact Brett Linton at 706-216-2140.
I will also be at the Bank of America Merrill Lynch dinner on Monday evening, June 25th in New York City.
On the 26th of June, Diana and I will be traveling to London for the first time to meet the staff at the CRU headquarters. Prior to going to London, I will be traveling to Pittsburgh next week to meet the CRU staff here in the United States.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
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John Packard
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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?
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
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!