Steel Products
Trump Tabs DiMicco as Trade Advisor
Written by Tim Triplett
December 5, 2017
Dan DiMicco, former CEO of Nucor Corp., has been appointed to a four-year term as a member of President Trump’s Advisory Committee for Trade Policy and Negotiations, the White House announced in a Dec. 4 release.
DiMicco, who retired from Nucor, is a former trade advisor to the Trump campaign and serves as chairman of the Coalition for a Prosperous America, which claims to be “Washington’s leading organization fighting for a new trade policy to deliver balanced trade, restored health for American industries, broadly shared economic growth and more jobs for American workers.”
{loadposition reserved_message}
DiMicco was an early Trump supporter, especially on issues of fair trade. As head of Nucor, his was among the loudest voices calling for restrictions on low-priced steel imports from China and other countries.
Commenting on the contentious NAFTA negotiations in a recent Bloomberg article, the former steel executive said, “If we can’t negotiate a deal to make trade more balanced, the only option is to walk away.”
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
September energy market update
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
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.