Final Thoughts
December 18, 2022
The trend is your friend these days in US HRC futures. They posted another strong week of gains on the back of a massive upswing in the index last week.
While widely expected to be higher—we supposed a $40-per-ton increase was being priced into the cards in our last comment on Dec. 9—this still managed to surprise to the upside with a substantial $49/ton jump, moving into line with other indices in the market.
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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.