John Packard – Steel Market Update

• 31 years actively selling flat rolled steel

• Newsletter developed for active buyers & sellers of flat rolled steel (we let the financial community tag along).

• Prices – Momentum –Trends – Analysis

• SMU now in 2nd Year

January 19, 2010 Market Survey Graphs

Results of this weeks survey

• Both service centers & manufacturers are building inventory

• Demand is slowly growing or projected to grow

• 31% of companies plan to increase steel purchases

• Only 29.5% of those surveyed view foreign steel as a viable option

Next Survey will be February 1, 2010