Final Thoughts

Final Thoughts

Written by John Packard


We will begin our mid-February flat rolled and plate steel market trends analysis at 8 a.m. on Monday. Currently we are inviting approximately 560 individuals to participate in the market questionnaire, which takes about 4-8 minutes to complete. If you receive an invitation, please take a few minutes to provide your insights as they are truly appreciated and provide important data for us regarding market sentiment, demand, inventories, price negotiations, steel prices and more. If you would like to be added to the invitation list, please contact us at info@SteelMarketUpdate.com

John Packard Summit 18On Thursday, we shared an overview of the 2020 SMU Steel Summit Conference agenda. If you did not see Thursday evening’s issue of Steel Market Update, you can find the agenda on our website. We also published some of the “keys” regarding this our 10th SMU Steel Summit Conference. Those were also published in Thursday’s newsletter and you can find them on our blog on our website.

As you can see by our agenda, we have an exceptional program covering market forecasts, price forecasts, global and North American economic forecasts, conversations with steel mill CEOs, a steel buyers’ perspective panel, hedging workshop, AI workshop, trade panel, mill costing and how the mills need to deal with CO2 emissions, how to attract and maintain young people into your company, what to make of the political landscape and how it will affect you and the economy, and more…

We are now over 200 registrations and counting… only 1,000 to go. You can register by clicking here or by going to the website address www.SteelMarketUpdate.com/Events/Steel-Summit.

We have a limited number of sponsorship slots for the SMU Steel Summit Conference available. If you would like your name associated with he largest flat rolled and plate steel conference, one that attracts close to 1,200 executives (most being decision makers) from manufacturing, distribution, steel mills, trading companies, toll processors and companies that supply products to those industries, please contact Jill Waldman at 303-570-6570 or by email: Jill@SteelMarketUpdate.com

Jill can also assist you if you would like to exhibit your company’s products. We do have a number of spots left for exhibitors as we have doubled the amount of exhibition space this year.

Our SMU Steel 101: Introduction to Steel Making & Market Fundamentals Workshop which will be held on March 31 through April 1, 2020, in Merrillville, Ind., is about one-half full. We will tour the NLMK Portage steel mill as part of the steel making portion of the instruction. NLMK is a “mini” mill, which means they produce steel by melting ferrous scrap using an electric arc furnace. There is no better way to remember the classroom instruction in the morning than seeing a charge of an EAF in the afternoon. You can register for the conference by clicking here or by going to www.SteelMarketUpdate.com/Events/Steel101

I will be in my office all this week. I begin traveling again on March 27.

If you are looking to renew, upgrade or add more people to your existing SMU membership, or if you are new to Steel Market Update and would like information about Executive and Premium subscription options, please contact Paige Mayhair at 724-720-1012 or by email: Paige@SteelMarketUpdate.com

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.