CRU Group Acquires Steel Market Update

John Packard, President and CEO, Steel Market Update, said: “I am delighted that SMU has found a new home with CRU and I look forward to working with the CRU team, both in Pittsburgh and in London, to develop the SMU and CRU business in North America.”

Robert Perlman, Chairman of CRU, said: “We are delighted to be joining forces with John and his team. Our businesses have a shared commitment to independent and insightful coverage of the steel market. CRU’s global position will be greatly strengthened by SMU’s coverage of North America. The SMU brand will go from strength to strength under the CRU umbrella.”

Based in London and founded in 1969, CRU is the leading provider of analysis, prices, consulting and events in the metals, mining and fertilizer markets. CRU also has offices in Pittsburgh, New York, Santiago, Beijing, Shanghai, Singapore, Tokyo, Mumbai, Sao Paulo and Sydney.

Founded in 2008, Steel Market Update provides and analyzes real-time pricing, market trends and relevant information related to the North American flat rolled steel market through its newsletter, website and events.

For further information, please contact: Nick Morgan, CEO, CRU Group, at +44 20 7903 2071; John Packard, President and CEO, SMU, North America (toll free) 800 432 3475 or John Ball, CRU North America, 724 759 7866.