Final Thoughts
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Final Thoughts
Written by John Packard
August 23, 2020
Welcome from SMU Virtual Steel Summit Conference control central in Hobe Sound, Fla. It’s sunny, temperatures are in the mid-90’s and my home looks nothing like a typical Florida residence as a team of production and audio/visual experts assist in the creation this year’s virtual event.
Putting on a conference as large as ours has become is always a challenge. We set huge goals for ourselves as we strive to put on a program that no one will soon forget, with interesting speakers providing quality information. Through the first two days, I believe we have met our attendees’ high expectations.
To host a virtual conference, we had to learn quickly, on the fly if you will. How to conduct the program, the questions and answer period, how much time we allow each speaker and each subject. There have been a few glitches, we did not plan on Zoom going down worldwide on Monday, but few noticed as the London events team worked tirelessly to provide a seamless experience to those watching the presentations.
SMU conferences try to think outside of the box. This year we did it both literally and figuratively. We sent welcome boxes to nearly 500 of those who registered early. The welcome box was a nice “touch” from our sponsors: Red Bud Industries, Kenwal, Mill Steel, Reibus, Heidtman, Big River Steel and Crowe.
We also conducted the first “speed networking” event sponsored by Heidtman Steel. This was the highlight of Day One for those who participated. We were gathered into a single room and then randomly shot into various meeting rooms with others we may or may not have previously known. We were able to do this five times during the course of an hour, and I can tell you I managed to meet a number of people I would not have met otherwise. For those of you who are attending the conference but skipped the speed networking…well, you missed an opportunity to expand your network of industry friends.
Second Largest Steel Conference in SMU Steel Summit History
One of our biggest goals is to make our conference the largest steel gathering held during the calendar year. Just because we went virtual doesn’t mean we did not have high expectations to reach at least 500 attendees. Once we met that goal, it expanded to 600, 700 and then 800. As I write this note, we have exceeded 900 registered attendees (913). To put this into perspective, we went over 1,000 attendees for the first time in 2019 at our live conference. Officially, this conference is now the second largest conference in our 10-year history.
Also, a quick comment. I noted on my computer the interview with Nucor CEO Leon Topalian was cut off at the end. This was due to the switching lag necessary because people have different internet speeds around the world. If you watch the interview “on demand,” it will show the full production (including any cut-off pieces).
Some housekeeping notes to keep everyone abreast of what we are doing over the next few weeks. Due to the conference, we will not host an SMU Community Chat Webinar this week. I intend to take some time off beginning at the end of this week, so we have decided to idle the Community Chats for a few weeks until my return. We will continue hosting Community Chats in the future as I think they are being well received in the market and many people who don’t get to see us on a regular basis are able to tune in and hear how we (and our speakers) are viewing the market.
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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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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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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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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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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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.