Steel Products
October 22, 2019
Notes from the North American Steel Alliance Conference
Written by John Packard
By John Packard, President & CEO, Steel Market Update
On Monday, I spoke to the North American Steel Alliance (NASA) in Chicago. My comments centered on a wide variety of proprietary indices Steel Market Update produces–our flat rolled and plate indices, SMU Sentiment Index, SMU Service Center Inventories and Shipments data, Mill Lead Times and Mill Negotiations, SMU Demand, and SMU Service Center Spot prices as seen by both end users and the distributors themselves. I also discussed the status of various trade issues, which seem to have stabilized as of late. Lastly, I discussed the new capacity that is coming online in the coming months (Big River Steel, 1.65 million tons by second-half 2020; Ternium Mexico, 4.0 million tons by second-half 2020) and over the next couple of years (Nucor, SDI and JSW).
