Final Thoughts
Final Thoughts
Written by John Packard
July 20, 2018
As of this weekend, we have registered 775 executives in manufacturing, steel distribution, steel mills, trading companies, toll processors, transportation companies, as well as suppliers to these industries, for our SMU Steel Summit Conference. We are now 125 above last year’s record. With 35 days to go we should reach, and hopefully exceed, our goal of 800 attendees at this year’s conference.
If your company or your name is not yet on the list, you can go to: www.SteelMarketUpdate.com/Events/Steel-Summit where you can get more details and to register. You are also welcome to contact our office at 772-932-7538 or send us an email to request more information, request an invoice, register more people from your company or whatever your need might be.
I posted a brief article about our first Steel 201 workshop, which will be held on Sept. 11-12, 2018, in Middletown, Ohio. As mentioned in the article, I believe this will be a special program as we tour both the AK Steel Middletown fully integrated steel mill and their Research and Innovation Center (RIC). You can find more information about registering online: www.SteelMarketUpdate.com/events/steel-201.
I will be out of the office this week traveling to Minnesota. I am available by email: John@SteelMarketUpdate.com
I am expecting another exciting week in the steel industry. I am sure we will have plenty to discuss as the week progresses.
Your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
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?
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!