Final Thoughts
October 6, 2014
Final Thoughts
Written by John Packard
On Tuesday (today) Steel Market Update (SMU) adjusted our Price Momentum Indicator from Neutral to Lower. I explain our reasoning in the first article above regarding our price indices. I will do a more detailed explanation as to why we are making a change at this point in time in the coming days.
Today Steel Market Update conducted the first day of our two day workshop on the steel making and rolling process. Part of the program was an exceptional tour of the Steel Dynamics Butler, Indiana mill. Tomorrow (Wednesday) we will concentrate our instruction on qualities and how they are made, how steel is bought and sold (both long and flat products) and we will look at market fundamentals. If you have an interest in joining SMU for our next workshop it will be held in Charleston, South Carolina and we will tour the Nucor Berkeley steel mill. This workshop will be held in the later part of January 2015 (Exact date and hotel information to be announced soon).
