Final Thoughts

Galvanized steel buyers need to continue to watch LME zinc pricing as there are reports out there suggesting higher zinc prices as 2017 progresses and into 2018. This will be one of the subjects touched on during our 7th SMU Steel Summit Conference at the end of August. With the mills just having announced new extras my expectation is we are probably “safe” for at least three months. But, if you start to see zinc trading above $1.30 and as high as $1.40 per pound then be prepared for more changes.

We have finalized negotiations with our hotel in Ontario, California for our June 2017 Steel 101 workshop. The dates for the workshop are Thursday, June 22nd and Friday, June 23rd. We normally conduct our workshops on Tuesday and Wednesdays but we wanted to be able to see the re-heat furnaces and hot strip mill in action and the later part of the week worked best. It will also allow those coming from the Midwest and East Coast some flexibility in travel to and from the West Coast. It also provides an opportunity for those who would like to add a day or two to enjoy California to do so. Details about the workshop, costs and registration can be found on our website. If you have any questions please do not hesitate to ask: info@SteelMarketUpdate.com