Final Thoughts
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Final Thoughts
Written by John Packard
April 8, 2020
It’s hard to see the forest through the trees….
SMU hosted our first SMU Community Chat Webinar yesterday (Wednesday). There were a couple of glitches – all my fault. I turned off the video recording and was not able to get it back, so no recording of yesterday’s webinar. Josh Spoores (guest speaker from CRU) and I practiced earlier in the day, and sure enough when the actual webinar was in session, I couldn’t figure how to get his camera back on… It took about 15 seconds to figure out on the fly…it seemed like 20 minutes.
For those who are interested, we had 468 people register. After reviewing the registration list, it appears they were all active participants in manufacturing, distribution, steel mills, toll processors or suppliers of services to those industries. At one point I did look at my screen, which told me there were 413 people on the webinar. Considering we did not start taking registrations until Tuesday afternoon, I think we did quite well.
Josh Spoores is the Principal Analyst for Steel and Editor of the CRU Steel Sheet Monitor. He provided the CRU price forecast (low point will be in the low $400s) and demand forecast. We answered as many questions as we could during the 37 minutes we were online live. Both Josh and I received a number of questions after the webinar, which were also addressed.
I received many comments from those on the webinar telling me they were very pleased not only with the content, but the sense of “community” we are trying to build for the industry.
Being a bit of a perfectionist, the next one will be even better…
We will host a SMU Community Chat webinar every Wednesday at 11:00 AM Eastern Time (10 CT, 9 MT, 8 PT). You can click on this link to register. Once registered you will receive a confirmation email, which will contain the link to access the webinar (save it or post the link on your calendar). We will automatically send out a reminder one hour before the start of the webinar.
The subject of next week’s webinar will most likely focus on service centers and how various segments of the industry are responding to COVID-19 (demand, supply, stresses in the system, etc.). I have an invitation out for a speaker, but as of this writing had not yet received the response. Put us on your calendar.
Paige Mayhair is handling renewals, upgrades and new customers. She can be reached at 724-720-1012 or by email: Paige@SteelMarketUpdate.com
COVID-19 Thoughts:
I’ve started wearing a mask into the grocery store (the only travel I am doing away from my neighborhood).
A tank of gas is now lasting more than a month (I don’t know how long as I haven’t had to do a refill in quite some time). I feel bad about not being able to take advantage of $1.80/gallon gas prices.
It’s 90 degrees and sunny on my side of Florida and we are not allowed anywhere near the beaches, parks or watering holes.
Let me know how you are handling working from home, and any creative ways you have found to keep yourself entertained when not working: John@SteelMarketUpdate.com
Due to Good Friday and the Easter Holidays, Steel Market Update will not publish on Sunday, April 12.
We will continue to watch market developments as they happen and will publish again on Tuesday.
May everyone have a safe, healthy holiday weekend with those within your “quarantine” community.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, President & CEO
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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.)
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
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.