Steel Products
Register Now for Wednesday's Community Chat With ISM CEO Tom Derry
Written by Michael Cowden
December 12, 2021
Institute for Supply Management® CEO Tom Derry will join SMU for our next Community Chat on Wednesday, Dec. 15 at 11 a.m. ET (10 a.m. CT). ISM is the first and largest supply management association in the world. Tom will put vexing problems like port congestion in the context of global supply chain trends and economic impacts.
Long Beach might be the poster child for that issue. But Houston faces similar struggles as do ports on the East Coast. When might such problems – and related truck and driver shortages – ease? And what is the interplay between such supply chain snarls and inflation?
We’ll also talk about post-pandemic commodity flows and price dynamics. Will steel follow the path of lumber? What is the relation between industrial commodities and consumer goods? Hint: They are interlinked. The question then is, are we all following the same demand/pricing curve – even if not all industries are on the same point in that curve? And just where is steel on that curve
We’ll of course take your questions too.
As always, we’ll keep it to about 45 minutes. You can (virtually) drop in, learn something – and then get on with your day.
You can register here.
{loadposition reserved_message}
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Products
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.