Earlier today SMU heard the gloomiest economic forecast since the Great Recession of 2008-2009. John Anton, IHS Markit Associate Director Pricing & Purchasing, came roaring right out of the gate with the IHS view on how we should be thinking about the coronavirus in the United States. He told attendees at the FMA Annual Meeting […]
Lourenco Goncalves is well known for speaking his mind. As an unconventional thinker and investor, he has put himself, and his company, at the center of the changes that are transforming the steel industry—and not for the first time in his career. The Chairman, President and CEO of Cleveland-Cliffs, Inc., will be a keynote speaker […]
Steel Market Update raised its Flat Rolled Price Momentum Indicator to Neutral yesterday from Lower in anticipation of a price hike believed imminent from the mills. As expected, Nucor and U.S. Steel both announced increases today of $40 per net ton on all new spot orders of hot rolled, cold rolled and galvanized steel, effective […]
On Wednesday, Feb. 26, 2020, one of the most important people in the development of my career in the steel industry and in my personal life passed away—Earl Goode. Earl the Pearl. I met Earl Goode for the first time 38 years ago in Marietta, Ga. It was a beautiful spring day in May 1982. […]
Writen by: John Packard, President & CEO, Steel Market Update On Tuesday I received a question about the SMU Price Momentum Indicator, which is currently pointing toward Neutral pricing over the next 30 days. Yesterday (Wednesday) I received the following note from one of our readers after reading Tuesday evening’s issue of Steel Market Update: […]
The following article discussing the global ferrous derivatives markets was written by David Feldstein. As an independent steel market analyst, advisor and trader, we believe he provides insightful commentary and trading ideas to our readers. Note that Steel Market Update does not take any positions on HRC or scrap trading, and any recommendations or comments […]
It is rare that market direction is clear and uncontested. There have been a few times during my 42-year steel career when it was obvious steel prices were going to be higher tomorrow than they are today. It was during one of those times in history that I began writing a note to my steel […]
On Thursday February 13 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 […]
The 2020 SMU Steel Summit Conference: What You Need to Know Written by: John Packard, President & CEO, Steel Market Update At 10 a.m. ET on Monday, Aug. 24, Steel Market Update will begin our 10th SMU Steel Summit Conference. The conference will be held over three days ending around 3:30 p.m. on Wednesday, Aug. […]
The 2020 SMU Steel Summit Conference: What You Need to Know Written by: John Packard, President & CEO, Steel Market Update At 10 a.m. ET on Monday, Aug. 24, Steel Market Update will begin our 10th SMU Steel Summit Conference. The conference will be held over three days ending around 3:30 p.m. on Wednesday, Aug. […]
Today, we are rolling out more of our agenda for the 2020 SMU Steel Summit Conference. For more information and to register, visit: www.SteelMarketUpdate.com/Events/Steel-Summit. STEEL: DEALING WITH THE VELOCITY OF CHANGE AGENDA HIGHLIGHTS Monday, August 24, 2020 10:00 – 5:30 Conference RegistrationGeorgia International Convention Center- South Lobby 10:00 – 10:50 CME Hedging Workshop 11:10 – […]
Today, we are rolling out more of our agenda for the 2020 SMU Steel Summit Conference. For more information and to register, visit: www.SteelMarketUpdate.com/Events/Steel-Summit. STEEL: DEALING WITH THE VELOCITY OF CHANGE AGENDA HIGHLIGHTS Monday, August 24, 2020 10:00 – 5:30 Conference RegistrationGeorgia International Convention Center- South Lobby 10:00 – 10:50 CME Hedging Workshop 11:10 – […]
If you want to get a better feel for what you can learn and the value of our Steel 101 workshop, listen to what a couple of our most recent attendees had to say: “This is a great workshop where the ABC’s of the steel business are spelled out quite clearly, even for someone new […]
If you want to get a better feel for what you can learn and the value of our Steel 101 workshop, listen to what a couple of our most recent attendees had to say: “This is a great workshop where the ABC’s of the steel business are spelled out quite clearly, even for someone new […]
Editor’s note: The following commentary by economist Alan Beaulieu, president of ITR Economics, is excerpted from a recent blog, “A Good Day for Trade.” Beaulieu has been a popular presenter at several Steel Market Update Steel Summits and will speak once again at this year’s conference on Aug. 25 in Atlanta. Click here for more […]
Editor’s note: The following commentary by economist Alan Beaulieu, president of ITR Economics, is excerpted from a recent blog, “A Good Day for Trade.” Beaulieu has been a popular presenter at several Steel Market Update Steel Summits and will speak once again at this year’s conference on Aug. 25 in Atlanta. Click here for more […]
The following article discussing the global ferrous derivatives markets was written by David Feldstein. As an independent steel market analyst, advisor and trader, we believe he provides insightful commentary and trading ideas to our readers. Note that Steel Market Update does not take any positions on HRC or scrap trading, and any recommendations or comments […]
Steel Market Update is pleased to announce Michael Smerconish will be a keynote speaker at the 2020 SMU Steel Summit Conference, which will be held in Atlanta on Aug. 24-26. This will be the second time Smerconish has spoken at our conference. With 2020 being a presidential election year, and with the Republican National Convention […]
By CRU Analyst Chris Bandmann, from CRU’s Steel Long Products Monitor Europe: Germany has not seen any significant snowfall yet this winter, and these mild conditions had the potential to support the continuation of construction activities. Construction companies entered their holidays regardless, however, and steel demand has settled into a seasonal low point. Even so, […]
Steel Market Update’s 31st Steel 101: Introduction to Steel Making & Market Fundamentals Workshop, set for Merrillville, Ind., on March 31 and April 1, is now taking registrations. We will be working out of the Hilton Garden Inn in Merrillville, a short drive away from the NLMK Portage steel mill, which we will tour on […]
Steel Market Update’s 31st Steel 101: Introduction to Steel Making & Market Fundamentals Workshop, set for Merrillville, Ind., on March 31 and April 1, is now taking registrations. We will be working out of the Hilton Garden Inn in Merrillville, a short drive away from the NLMK Portage steel mill, which we will tour on […]
I spent today working on two projects. First was contacting and communicating with flat rolled and plate steel buyers in order to get a sense of the current spot price offers/transactions and where the markets are heading over the near term. The second project was working on the 2020 SMU Steel Summit Conference. As with […]
An update on the 2020 SMU Steel Summit Conference. My team has been very active in soliciting and confirming agenda slots and speakers to go with those spots. Today we confirmed CNN’s Michael Smerconish as a special keynote speaker on Wednesday, Aug. 26. He will be covering the Republican National Convention (which is happening at […]
Written by: John Packard, President & CEO Steel Market Update Your customer will tell you what you need to know. The key is to listen. The key is to suppress your temptation to dominate the conversation. Brian Buckalew, Vice President of Business Development, Majestic Steel, recently wrote in a LinkedIn post: “People that are not […]
The following article discussing the global ferrous derivatives markets was written by David Feldstein. As an independent steel market analyst, advisor and trader, we believe he provides insightful commentary and trading ideas to our readers. Note that Steel Market Update does not take any positions on HRC or scrap trading, and any recommendations or comments […]
I was taking a deeper dive into some of the data compiled from last week’s flat rolled and plate steel market trends analysis. Having added about 50+ new companies to our survey, we now send invitations to 500+ individuals who actively participate in the flat rolled or plate steel markets. On purpose, we concentrate on […]
As widely expected, Nucor was the first to announce another $40 increase in flat rolled steel prices today. Other steelmakers are likely to follow suit. This represents the fifth round of price hikes by the major mills since late October totaling around $190 per ton. In a letter dated Jan. 8, Nucor’s Sheet Mill Group […]
Demand for exhibition booths has increased steadily over the 10 years of Steel Market Update’s Steel Summit Conference. This year, SMU has doubled the exhibition space and made several improvements in the traffic flow of the hall. To better serve attendees during breaks and the networking receptions, we have increased the number of food and […]
At the end of August, Steel Market Update will host our 10th SMU Steel Summit Conference. Our conference will be the largest flat rolled and plate steel event in North America during this calendar year. The 2020 SMU Steel Summit Conference is going to be our best attended and most informative conference yet as 1,200 […]
At the end of August, Steel Market Update will host our 10th SMU Steel Summit Conference. Our conference will be the largest flat rolled and plate steel event in North America during this calendar year. The 2020 SMU Steel Summit Conference is going to be our best attended and most informative conference yet as 1,200 […]