Final Thoughts
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Final Thoughts
Written by John Packard
February 12, 2014
We will hopefully have information and a date for a new workshop we have under development. The new workshop is tentatively being called: Managing Price Risk: Strategies & Execution. The workshop will be for those who already have some knowledge of hot rolled coil (HRC) and busheling (BUS) futures and options trading. Our intention is to provide a workshop for those who want to know more about the various strategies for protecting inventory values, protecting profits or offering long-term firm pricing through the use of futures and options trading. We already have a waiting list so our goal is to have the workshop – which at this time we are forecasting to go over two half days and the first to be held at the CME in Chicago.
We will publish one of our Premium Level newsletter supplements on Friday for our Premium Level members.
The OCTG dumping case decision was postponed today due to the winter weather in Washington, D.C. We should get a decision early next week.
I will be back in the office on Monday after having been stranded in Florida due to the weather in North Georgia (I can tell I am not getting much sympathy for that one). My next trip will be to Austin, Texas for the FMA Tolling Processing conference.
As always your business is truly appreciated by all of us here at Steel Market Update. Thank you for your kind words and recommendations to your suppliers and customers. We continue to grow and your help is always appreciated.
John Packard, Publisher
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John Packard
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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.
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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.)
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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.
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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.
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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.