Final Thoughts
Final Thoughts
Written by John Packard
November 24, 2014
First, I want to wish everyone in the United States a wonderful Thanksgiving Holiday with family and friends. Steel Market Update will not publish on Thursday but will return to our normal schedule on Sunday evening.
Our offices will be open both on Wednesday and Friday of this week but will be closed on Thanksgiving day.
A note that I will be speaking at the HARDI conference in San Antonio, Texas during the first weekend in December. After that we have a private sales consulting workshop we are producing for a service center. If your company has an interest in one-on-one workshops please contact me at: John@SteelMarketUpdate.com.
Our next Steel 101 workshop will be held in South Carolina on January 20-21, 2015. Details can be found on our website. Registration is open and a tour of the Nucor Berkeley steel mill is part of our program.
I want to welcome our newest members to the SMU community. If you have any questions, comments or suggestions please do not hesitate to contact our offices: info@SteelMarketUpdate.com or by phone: 800-432-3475. Many articles begin as one of our readers asks a question or makes a suggestion.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
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Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.
Final Thoughts
Nearly 50% of respondents to our latest survey thought hot-rolled coil prices have already peaked. And where will those prices be two months from now? Responses were decidedly split on that question.
Final Thoughts
A modest week-to-week change in HR price understates a huge swing in expectations.
Final Thoughts
What happens when ChatGPT meets SMU's Market Chatter? No, this is not an idea for the latest Hollywood blockbuster. Then again, with what Hollywood is putting out these days, Chatter Meets Chat might just turn out to be a hit. Rather, it’s that old idea of putting theory into practice. Recently, I conducted an interview with Doug Schrock, managing principal of AI at public accounting and consulting firm Crowe. He gave some tips on how to implement AI into your business.