Final Thoughts
Final Thoughts
Written by John Packard
August 16, 2019
As mentioned above, it is crunch time for me and my team as we prepare for the conference, now one week away.
I want to emphasize SMU will have a major announcement at the conference on Monday as we roll out our Service Center Inventories on Hand, on Order, Shipments and an analysis of what we believe the numbers mean for service centers, and for prices going forward. I have been working on this project for more than two years, and it is one of the reasons why I agreed to sell the company a little more than one year ago. I believe this data will become a standard for the industry to relate in the months and years ahead. There will be more information provided at the conference on Monday shortly after 1 PM.
It’s funny how trade, indexes, new mill capacities and politics as well as the economy are all at the forefront of people’s minds as we prepare for 2020. Our conference will touch these items in detail.
Our first SMU NexGen Leadership Award will be presented on Tuesday, Aug. 27, at the SMU Steel Summit Conference….
You can read more about the conference in the article I wrote for this evening’s newsletter (see above).
Our Oct. 8-9 Steel 101 workshop has maybe one, at most two, seats available. Registration is now on an “inquire only” basis. Please send an email to Events@SteelMarketUpdate.com if you, or a member of your company, is interested in attending the Cincinnati workshop, which will include a tour of Nucor Gallatin’s electric arc steel mill.
After the October Steel 101 workshop, the next one will be held in Ontario, Calif., on Jan. 7-8, 2020, and will include a tour of the California Steel Industries slab conversion mill, and if time permits their pipe and tube mill. I believe we will start taking registrations for this workshop within the next week or two (depending on how buried we get with the SMU Steel Summit Conference).
Now is an excellent time to upgrade your account. By this, I mean going from Executive to Premium membership (the Service Center Inventory data will be going to Premium subscribers beginning in September). You can also upgrade by going to one of our Regional or Global subscription plans, which allow unlimited members from your company to read SMU. For more information, contact Paige Mayhair at 724-720-1012 or by email at: Paige@SteelMarketUpdate.com
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
Final Thoughts
One of the perhaps unintentional perks of being a trade journalist is the opportunity to travel and cover an array of industry conferences and events. Some I've attended have been at fun locations, like Palm Springs and Tampa, Fla. Others have been in more practical locations, like SMU’s Steel Summit in Atlanta and American Iron and Steel Institute (AISI) and Steel Manufacturers Association (SMA) meetings in Washington, D.C.
Final Thoughts
t this point in the game I think what we can say about Nippon Steel’s proposed buy of Pittsburgh-based U.S. Steel is that it will go through, it won’t go through, or the outcome will be something new and completely unexpected. Then again, I’m probably still missing a few options.
Final Thoughts
President-elect Donald Trump continues to send shockwaves through the political establishment (again). And steel markets and ferrous scrap markets continue to be, well, anything but shocking. As the French writer Jean-Baptiste Alphonse Karr wrote in 1849, "The more things change, the more they stay the same." (I thought the quote might have been Yankees catcher Yogi Berra in 1949. Google taught me something new today.)
Final Thoughts
President-elect Donald Trump will officially retake the White House on Jan. 20. I’ve been getting questions about how his administration’s policies might reshape the steel industry and domestic manufacturing. I covered the tumult and norm busting of Trump's first term: Section 232, Section 301, USMCA - and that's just on the trade policy side of things. It's safe to say that we'll have no shortage of news in 2025 when it comes to trade and tariffs.