Final Thoughts
January 13, 2022
Written by Michael Cowden
The bubble is bursting. Not just any bubble. We’re talking the bubble that is ridiculously wide spreads between hot-rolled coil prices and base prices for cold rolled and coated products.
Case in point: SMU’s hot-rolled coil price stands at $1,480 per ton, and our cold-rolled and galvanized base prices are at $1,880 per ton – resulting in a spread of $400 per ton.
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I was in Las Vegas last week for ISRI’s annual convention. I like Vegas. I’ve had some fun there over the years. (I was married there nearly 20 years ago. We’re still together.) And last week was no exception. So let’s start with the big news from Sin City. When the recycled materials industry meets […]
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I’m excited to see pretty much the entire steel industry this week in Atlanta. I’m looking forward to the networking and to learning from our great lineup of speakers. I also what not draw your attention to some highlights from our latest steel market survey. (Full results are here.) Some of these topics will be discussed along the sidelines as well as up on the stage.
I am happy to announce that there are officially now more than 1,400 people attending SMU Steel Summit next week in Atlanta. That’s a new record for us, and I thank all of you for making it possible. I am also happy to say that Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be joining us for the first fireside chat of Steel Summit on Monday, Aug. 21, at 3:40 pm ET.