Final Thoughts

It has been a very busy last 24 hours for Steel Market Update as we try to stay on top of all of the important news items, pricing, conduct our mid-May flat rolled market analysis and work on completing arrangements for our September Steel Conference.

We learned that US Steel Gary Works has all of their blast furnaces in operation. We also learned that USS Great Lakes is on schedule and steelmaking is coming back online. We inquired with ArcelorMittal regarding their C-5 blast furnace which, we were told last week, should be coming back online this week. To the best of our knowledge all of the other blast furnaces are, at this moment, operating. ArcelorMittal is expected to take their largest furnace at Indiana Harbor down at the beginning of June for close to two months. That appears to be the only major disruption in supply as far as furnaces are concerned. This too may change but that is what we know at this moment.