Steel Products
Steel: From the Eyes of the Newbie
Written by Sandy Williams
March 4, 2013
Written by: Sandy Williams
“Whenever you are asked if you can do a job, tell ‘em ‘Certainly I can!’ Then get busy and find out how to do it.”—Theodore Roosevelt.
When I was asked to write for SMU I did exactly what Teddy suggested and every day since I’ve been learning how. With a background in the “soft” industry of public relations and education, learning the ins and outs of a “hard” industry like steel has been challenging to say the least. First there are the acronyms: BOF, EAF, DRI, OCTG, HRC, CRFH, SBQ, etc. During my first conference call I listened to a man continually talk about his ibbeda. Only after seeing the transcript did I realize it was actually EBITDA—earnings before interest, taxes, depreciation and amortization. Who knew?
How about those words like Galvalume, Galvannealed, Galfan, pickled, sinter, busheling, spangle? It seems like I spend a quarter of my time just Googling terms, so when I was asked to attend Steel 101 I was definitely excited about going.
Most of the workshop attendees were newbie’s like me: very young (me not so much) and recent college graduates. They came from service centers, a scrap company, steel mill and manufacturing companies. Looking at all their smiling faces I could only hope that some of them were as lost as I.
The first morning we learned about the steel making process starting at the very beginning—raw materials—then moved through the melting and rolling process. Severstal Columbus has an electric arc furnace so we compared the traditional blast furnace to the EAF (hey I know that one now). Then we moved on to the hot rolling, pickling, cold rolling processes and the coating operation. It was a lot to cover but well explained and vital to know before we traveled to the mill to see the process in action.
The class was attentive and eager to learn and the instructors added anecdotes that kept us amused, intrigued and engaged. You could hear and see the passion in the instructors when they talked about areas that were especially relevant to their careers. The wide industry focus and geographical variety of our class kept questions and the “ah ha” factor going. You could almost see the light bulbs flashing on over heads when understanding clicked in. It was a great morning and we were all psyched to get to the mill for our tour.
To be continued…
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]
SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]
Galvanized buyers see glimmers of optimism amidst the chaos
Reflecting on 2024 and looking ahead to the new year, galvanized steel buyers on this month’s HARDI call expressed a mix of cautious optimism with lingering uncertainties.