Final Thoughts

Final Thoughts

Written by John Packard


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.

John Packard Summit 18If 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

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.