Final Thoughts
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Final Thoughts
Written by John Packard
May 14, 2014
SMU sources advised us on Wednesday that the steelmaking operations at U.S. Steel Great Lakes (Ecorse) in Michigan had begun. This afternoon, US Steel confirmed that the start-up process was underway with no further elaboration or comment. We anticipate that the mill will begin making prime steel within a few days to a week.
Our newest workshop – Managing Price Risk II: Strategies & Execution will be held in Chicago on June 24 & 25, 2014. More details can be found in the Events section of our website or just click on the link provided.
We will check on the ArcelorMittal C-5 blast furnace which went down late last week at Cleveland Works. We have been led to believe that the furnace will be back up sometime next week and that the company will not lose any orders due to the outage.
A note that I will be in New York City during the Steel Success Strategies conference. I will be attending the Platts conference on Monday and the Bank of America Merrill Lynch dinner that same evening. If you would like to meet with me during the conference please send me an email: John@SteelMarketUpdate.com.
As always your business is truly appreciated by all of us here at Steel Market Update.
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.