Final Thoughts
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Final Thoughts
Written by John Packard
January 8, 2020
I want to take a moment to thank John Walburg and the entire California Steel Industries team for their support of our Steel 101 workshop, which we just completed. The Fontana, Calif., steel mill tour was the highlight for many of our Steel 101 workshop attendees, and I want to personally thank CSI for allowing us to view their facility (and for dialing up 70-degree temperatures and sunny skies).
An important note regarding subscription rates for our Executive and Premium level newsletters. We will be raising our membership costs by approximately 9 percent as of Feb. 1, 2020. SMU has been investing in new products and new people and we need to begin to recover some of our higher cost. February renewals will go out at the new numbers. However, as in past years, we will allow companies to renew their memberships at the existing pricing if paid prior to Feb. 1. This includes companies whose subscriptions may not expire until later in the year. For more details about pricing, when your company is due for renewal, or information about upgrades to your existing membership – please contact Paige Mayhair at 724-720-1012 or by email at Paige@SteelMarketUpdate.com
I have been working on the 2020 SMU Steel Summit Conference as well as what we will be trying to accomplish with our “Youth” conference. We have decided to incorporate the Youth Conference into this year’s SMU Steel Summit Conference during the afternoon of the last day of our event. This means our conference will end around 4 p.m. ET on Wednesday, Aug. 26. It will also mean we will have an exceptionally strong and diverse program on Wednesday as we cover economic issues, steel market segment issues, mill cost issues, our special nationally known keynote speaker and then our Youth program, which will include one of the strongest young speakers I have ever seen…
I will be renaming the Youth Conference because the conference is intended for those companies that are having issues attracting, training and retaining young workers. We will not focus on just the steel industry – I believe the program will be valuable for any company that needs to attract new talent. I recommend this portion of our conference for management level people, human resource people, CFO’s, CEO’s, sales, purchasing, operations, logistics – all will get value for what we will be sharing with our attendees.
Since I have been traveling all week, I will be rolling out much more information about the SMU Steel Summit Conference and this new segment in the coming days.
You can find information about registering for the conference on our website: www.SteelMarketUpdate.com/Events/Steel-Summit and you can learn more about becoming a sponsor or exhibitor at this year’s event by contacting Jill Waldman at Jill@SteelMarketUpdate.com
Our next Steel 101 workshop will be held in Merrillville, Ind. (just outside of Chicago) on March 31 and April 1, 2020. Included in this workshop will be a tour of the NLMK Portage steel mill. This NLMK plant is an electric arc furnace facility, and we have enjoyed touring this plant in the past. We will have registration up in the next one to two working days, and we anticipate this will be another in a long string of sold out Steel 101 workshops. You can learn more at 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
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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?
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
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).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
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!