Final Thoughts
Final Thoughts
Written by John Packard
March 18, 2019
On my way back to the USA following a good meeting with the folks at Ternium in Mexico. More to follow later.
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Companies are beginning to register for our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop, which will be held in Davenport, Iowa, on May 14-15, with the kind cooperation of SSAB Americas. The classroom sessions on the making and marketing of steel products will be complemented by a tour of the SSAB mill. For anyone who has never seen a steel mill in operation, this will be an unforgettable experience.
It’s not too early to begin making plans for the 2019 SMU Steel Summit Conference, to be held Aug. 26-28 in Atlanta. This year the conference will begin with a Price Risk Management Workshop hosted by the CME Group beginning at 10:30 a.m. on Monday, Aug. 26 in the Marriott hotel next to the Georgia International Convention Center, which will host the rest of the conference. To learn more and to register, go to: www.SteelMarketUpdate.com/Events/Steel-Summit
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
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.