Steel Markets
Steel Stud Associations to Form Coalition
Written by Brett Linton
September 12, 2013
WASHINGTON, D.C., September 11, 2013 – Four key trade associations representing the steel stud industry have joined together to promote the use of cold-formed steel framing in construction. Representatives from the Steel Stud Manufacturers Association (SSMA); the Steel Framing Industry Association (SFIA); the Certified Steel Stud Association (CSSA); and the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), met in Chicago last week to establish a coalition to address market threats initiated by the lumber and masonry industries in recent years, particularly in the mid-rise construction market.
The coalition developed a plan to work together on research, code advocacy and promotion of the cold-formed steel framing industry. The coalition’s mission—to increase the demand for cold-formed steel in the construction sector—will be further discussed at a follow-on meeting on September 17.
“The cold-formed steel framing market is an important one for our steel company investors, and we are committed to working with like-minded construction partners to increase demand,” said Robert J. Wills, SMDI’s Vice President of Construction. “We applaud the leadership and vision exhibited by our partners in this collaborative effort, and we look forward to working with them to achieve the objectives that we discussed.” (Source: AISI)
Brett Linton
Read more from Brett LintonLatest in Steel Markets
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.
Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
HVAC equipment shipments slow in December but strong annually
Shipments of heating and cooling equipment in the US fell to an 11-month low in December, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).