Final Thoughts

Lead times indicate the strength of the order books and steel buyers need to stay close to their suppliers, and at the same time be aware of what the other mills are doing with their order books to make sure you don’t have a surprise.

SMU confirmed on Friday that Cleveland-Cliffs and soon to be AK Steel CEO Lourenco Goncalves will be one of our keynote speakers at the 2020 SMU Steel Summit Conference in Atlanta. Recently, Cleveland-Cliffs, an iron ore mining company, purchased one of their large customers, AK Steel. When the transaction is complete, Mr. Goncalves will be the CEO of both companies. He is always an entertaining speaker, and one willing to answer questions thrown at him from the audience. I think our 2020 attendees will enjoy hearing from Mr. Goncalves. The dates for the 2020 conference are Aug. 24-26 and it will be held at the Georgia International Convention Center in Atlanta.

As I mentioned the other day, SMU does have a limited number of seats available for the 2020 SMU Steel 101: Introduction to Steel Making & Market Fundamentals Workshop. The workshop is being held on Jan. 7-8 in Ontario, Calif. We will be touring the California Steel Industries steel mill as part of our workshop. We already have an interesting group registered to attend. If you have an interest in learning more about how steel is made, how it is rolled (flat, plate and long products), how various qualities of steel are made, how it is bought and sold, and what market forces influence pricing…you can find details on our website: www.SteelMarketUpdate.com/events/Steel101

On March 31 and April 1, 2020, we will conduct another Steel 101 workshop in the Portage, Ind., area. We will be touring the NLMK Portage electric arc steel mill as part of that workshop. Registration should be available sometime later this week, or by early next week.

A note about our publication schedule over the Christmas and New Year Holidays. We will not publish on Tuesday or Thursday (Dec. 24 and 26) as well as New Year’s Eve (Dec. 31). Our offices will be closed Dec. 24-26 and again on Dec. 31 and Jan. 1 for the holidays. We will publish on Sunday, Dec. 22 and Sunday, Dec. 29.

If you are looking to renew, upgrade or entertain getting your first subscription of Steel Market Update, you can do so through Paige Mayhair at 724-720-1012 or by email: Paige@SteelMarketUpdate.com

I am also available to answer any questions that you might have and can be reached at John@SteelMarketUpdate.com

As always, your business is truly appreciated by all of us here at Steel Market Update.

John Packard, President & CEO