Final Thoughts

Final Thoughts

Written by John Packard


Steel Market Update will not publish on Thursday, Nov. 28, or Sunday, Dec. 1, due to the Thanksgiving Holiday.  Our offices will be closed on Friday, Nov. 29, and will reopen on Monday, Dec. 2.

Our early December flat rolled and plate steel market trends survey will begin on Monday, Dec. 2. We will also go out to our service center data providers for their inventory and shipment information on Monday.

I will be traveling to New Orleans on Dec. 7-10 to attend the annual HARDI conference. As many of you are aware, I have been participating in the HARDI steel conference call for a couple of decades, and I speak at their conference. I am looking forward to seeing my wholesaler friends in NOLA.

My next trip after New Orleans will be to Ontario, Calif., where SMU will be conducting one of our Steel 101: Introduction to Steel Making & Market Fundamentals Workshops. The workshop still has plenty of seats available. We will be touring the California Steel Industries (CSI) steel mill as part of our workshop. Our instructors include two metallurgists (Walburn & McDaniels), one sales and consulting expert (Simon), one purchasing and consulting expert (Briccetti) and me with my 42 years of sales, purchasing, management, marketing, reporting and analytical experience. This workshop comes highly recommend by past attendees. You can find more information on our website: www.SteelMarketUpdate.com/Events/Steel101

We want to wish those in the United States a happy and healthy Thanksgiving Holiday with family and friends.

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

What's the tea in the steel industry this week? Here's the latest SMU gossip column! Just kidding... kind of. Yes, some of the comments we receive in our weekly flat-rolled market steel buyers' survey are honestly too much to put into print. Some make us laugh. Some make us cringe. Some are cryptic. Most are serious. We appreciate them all. Below are some highlights from our survey results this week. Some of the comments that we can share with you are also included, in italics, in the buyers' own words, with minimal editing on our part.

Final thoughts

Unless you've been under a rock, you know by know that Nucor's published HR price for this week is $760 per short ton, down $65/st from the company’s $825/st a week ago. I could use more colorful words. But I think it’s safe to say that most of the market was not expecting this. For starters, US sheet mills never announce price decreases. (OK, not never. It has come to my attention that Severstal North America rescinded a price increase back on Feb. 14, 2012. And it caused quite the ruckus.)