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Steel Market Update research shows service centers carry some influence when it comes to the direction of steel prices.
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Life is good for the steel industry. The economy is thriving, end markets are growing and business is booming. Despite these positive indicators, steel insiders can’t help but feel a certain amount of uncertainty about the future.
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The eighth annual Steel Summit was held this week in Atlanta, and once again, SMU’s annual conference has outdone itself. Attendance at this year’s conference increased nearly 40 percent to 912 people, as more and more folks learn about the benefits of this worthwhile event.
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CRU Group has acquired the conference, training and newsletter business from Steel Market Update.
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While the healthy market of 2017 will stretch into next year, growth will start to lag in the second half in advance of a mild downturn in 2019, said Economist Alan Beaulieu at the Steel Market Update Steel Summit in Atlanta.
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If you gather any group of men my age and older, eventually the topic will turn to the sad state of the generations coming up behind us. This is nothing new; it’s been going on for centuries, and will continue to take place long after we’re gone.
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Analysts and industry leaders dominated the podium at the Steel Market Update conference in Atlanta last month, but for a short while, SMU chief John Packard turned things over to the attendees. Using the SMU events app, Packard polled the large crowd on a handful of topics.
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Flat-rolled steel prices have been on a tear, but a growing chorus of voices is questioning whether there is enough actual demand to support the five mill price increases announced since October.
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Strong auto and construction markets led to strong shipments of galvanized products in 2016, and supply chain participants anticipate more of the same in 2017.
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Next time you attend a conference or seminar, be sure your smartphone is fully charged. You may be asked to contribute to the proceedings.
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Service centers express concern about the limited availability of steel as mills tightly control orders.
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Big River Steel, the latest project of steel industry pioneer John Correnti, finally broke ground on the new 1.6 million ton flat-rolled mill last month, says Chief Commercial Officer Mark Bula.
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