Final Thoughts
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Final Thoughts
Written by John Packard
July 10, 2015
Something different from Steel Market Update this week. I would like for you to forward our newsletters to your friends, customers, suppliers or anyone who might have an interest in the steel industry.
We continue to offer an incentive to companies that recommend our newsletter to others. As long as the new customer provides us the name of the company who recommended them, we will provide a $100 credit to the company making the recommendation. This credit can be used at any time during a 12 month period on any SMU product: workshops, conferences or on newsletter upgrades or renewal.
Wednesday of this week will be the last day to register for the 5th Steel Summit Conference at early bird rates. Between now and the end of the day on the 15th our rate is $1000 per person prior to any SMU customer discount (another $100). On Thursday the rate will increase to full price which is $1200 per per and the SMU customer discount will continue up until the day of the conference.
This coming week will be the week to determine if the other mills are going to move pricing in lock-step with US Steel. Last week USS announced a $40 per ton base price increase on spot orders. Their target price has been reported to be $500 per ton on hot rolled coil. We will see if the other mills think now is a good time (and market) to raise prices.
If you have any questions I can be reached by email at: John@SteelMarketUpdate.com or by phone at 800-432-3475.
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.