Final Thoughts
Final Thoughts
Written by John Packard
November 26, 2013
For those of you who logged into the website and read the newsletter online – you will already know that our SMU Price Ranges & Indices article has an interactive graphic at the end of the article. Those of you reading the newsletter in your inbox will not be able to see or interact with the graphics.
A quick note to those of you who have not gone to the new website and logged in for the first time, if you have lost your user name and password, please contact our office. Once you have logged into the site for the first time you will be prompted to change your password and update your account information. It is important that all fields are filled in completely as failure will break the link which delivers your email newsletter.
I apologize, we had no choice but to bring up a new website and we were not able to keep passwords from the old site (nor do we have access to them in the new site). With the market slowing for the Holidays, now is an excellent time to log in and test out our new website.
If you lost your password and user name we provided over the past couple of weeks or, if you can’t get in, we can work with you either on the phone or by email so that you can get into the website. You can reach us at 800-432-3475 or by email at info@steelmarketupdate.com.
We are finding there is a tremendous amount of interest in our Premium Level membership. We published our second Premium Supplement Newsletter yesterday and we expect to publish supplements on a regular basis. Last night’s had information about our Key Market Indicators as well as the most recent data for imports by product, port and country.
If you would like to learn more about our Premium Level products please contact John Temples or me at 800-432-3475 or John@SteelMarketUpdate.com / JohnTemples@SteelMarketUpdate.com.
The buzz in the market is that ThyssenKrupp AG may announce as early as late this week their intention of selling the ThyssenKrupp Steel USA plant located in Calvert, Alabama to a 50/50 joint venture between ArcelorMittal and Nippon Steel. We are hearing the sales number will be approximately $1.97 billion. My personal opinion is this sale will happen and AM/Nippon will be the buyers. I don’t think the deal will close until sometime after 1st Quarter 2014. ThyssenKrupp AG is scheduled to announce earnings on December 2nd.
Housekeeping issues: Steel Market Update will not publish our Executive Newsletter on Thursday due to Thanksgiving. We will produce a mini version on Sunday evening.
We will publish our next Monthly Newsletter early next week.
We will conduct our next market analysis of the flat rolled steel market beginning on Monday of next week.
As more and more members go to the website we are finding most (if not all) of them like what they see. Hopefully, your impression will mirror the comments we have been receiving like the one I got a couple of days ago from a paint company: “Love SMU.”
As always your business is truly appreciated.
John Packard
Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final thoughts
Sheet prices didn’t roar back after Labor Day. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). First, the nearly $15-billion proposed sale of U.S. Steel to Nippon Steel exploded into the news. And when I say exploded, I mean that all sides seem to be escalating things now.
Final thoughts
Welcome back from Labor Day, from Steel Summit, and from whatever fun you might have had over the long weekend. Personally, I enjoyed camping with friends and family near Starved Rock. No one starved, there were no major injuries, and we enjoyed the many splendors of Mystical Fire. (Speaking of which, does that have industrial uses? But I digress.)
Final thoughts
I want to say a huge ‘thank you’ from all of us at SMU to all of you (more than 1,500!) who attended Steel Summit this year. We appreciate you taking time out of busy schedules to join us – whether that was up on stage, submitting thoughtful questions, or catching up over a drink and bite to eat. Also, a bit shoutout to everyone at SMU and at CRU who made this event possible. It’s no understatement to say that we have a fantastic team.
Final thoughts
Day one and two of SMU's Steel Summit 2024 are officially in the books. We covered a lot of ground, and the agenda sure did deliver.
Final thoughts
The big show is just about here. SMU Steel Summit will be getting underway on Monday. Where does the networking begin? I’d say at the airport. So don’t forget your business cards. And it can't hurt to wear a company golf shirt.