Analysis

Final Thoughts
Written by John Packard
October 4, 2019
I will be out of the office this entire week traveling first to Cincinnati as we conduct our sold-out Steel 101 workshop on Tuesday and Wednesday. Later in the week I will be traveling to Minnesota (where I see temperatures are supposed to be in the 30’s for highs) for a Board of Trustees meeting for Hamline University.
On Monday, SMU will send out invitations to participate in our early October flat rolled and plate steel market trends survey. Invitations will go out at 8 a.m. ET. If you receive an invitation, please take a few minutes to answer the first question at the end of the email, which will then take you to the entire questionnaire. If you used to get an invitation, and for some reason they have stopped – check your SPAM folder.
 If you would like to be added to the invitation list, please send your request to info@SteelMarketUpdate.com.
If you would like to be added to the invitation list, please send your request to info@SteelMarketUpdate.com.
We will send out our Service Center Inventories and Shipments “Flash Report” on Monday. There are some surprises contained in the report, which is provided only to data providers. The full report, which is provided to both data providers and our Premium level members, will be available on Oct. 14. If you are a service center who inventories prime flat rolled or plate steel products in the United States, and you would like to participate in our monthly analysis by providing your company’s data on a confidential basis, please contact me at John@SteelMarketUpdate.com or Estelle.Tran@crugroup.com. If you are an Executive level member and you would like to receive our breakdown of Service Center Shipments and Inventories data, please contact Paige Mayhair at Paige@SteelMarketUpdate.com
Registration is open for our January 2020 Steel 101: Introduction to Steel Making & Market Fundamentals Workshop, which will be held in Ontario, Calif. (Los Angeles area) on Jan. 7-8. Included will be a tour of the California Steel Industries (CSI) steel mill. Details can be found on our website: www.SteelMarketUpdate.com/Events/Steel101
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
 
			    			
			    		John Packard
Read more from John PackardLatest in Analysis
 
		                                SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
 
		                                Key takeaways from CRU’s US Ferroalloys Connections Summit
CRU analysts break down their top takeaways from CRU's 31st Annual Ferroalloys Connections Summit, held Oct. 19-21 in Miami.
 
		                                SMU Steel Demand Index improves but remains in contraction
SMU’s Steel Demand Index remains in contraction, according to late October indicators. Though growth faded at a slower pace, it rebounded from one of the lowest readings year-to-date from earlier in the month.
 
		                                SMU Survey: Steel Buyers’ Sentiment Indices increase
SMU’s Steel Buyers’ Sentiment Indices both rose this week, with Current Sentiment rebounding 14 points.
 
		                                Final Thoughts
Sometimes an entire news cycle happens in one week.
