Steel Products
Ferriola Joins Worldsteel Board
Written by Tim Triplett
October 19, 2017
John Ferriola, chairman, president and CEO of Nucor Corp., has been named vice chairman of the World Steel Association board of directors. Ferriola will serve a one-year term with the Brussels-based trade association.
Named as chairman of the worldsteel board was Kosei Shindo, president of Nippon Steel and Sumitomo Metals Corp. Ohjoon Kwon, CEO of POSCO, will also serve as vice chairman, while Sajjan Jindal of JSW Steel Ltd. takes the position of board treasurer.
{load position reserve_message}

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.

Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]

Rig count dips again in both US and Canada
Oil and gas drilling activity waned in the US and Canada this past week. Ticking own for the second straight week in both regions.