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    June 6, 2018

    Why I Sold Steel Market Update to the CRU Group

    Written by John Packard

    This is not a “kiss and tell story” but rather an explanation of why I, John Packard, founder and owner of Steel Market Update, decided to sell my business to the CRU Group. CRU, known globally for its news, analysis and pricing information, was not the only suitor interested in SMU, but they were the logical fit.

    I decided to sell SMU not for personal monetary gain, but for the benefit of SMU’s customers. I think this is one of the reasons why SMU has grown over the years. We care about our customers and understand their need for quality information as only someone like me who sold steel for 30 years could.

    John Packard

    Read more from John Packard

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    Nucor temporarily halts secondary offers, sending shock waves through a tight market

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    SMU scrap market survey results now available

    SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.

    Scrap export market activity perks up

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