Market Data
October 11, 2013
Written by Brett Linton
The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2013/2014:
Chairman: POSCO Chairman and CEO Joon-Yang Chung
Vice Chairmen: Severstal JSC CEO Alexey Mordashov, voestalpine AG CEO and Chairman Wolfgang Eder
Treasurer: JFE Steel Corporation CEO and President Eiji Hayashida
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.