Steel Products
GM Recognizes Nucor and AK Steel as Suppliers of the Year
Written by Sandy Williams
May 21, 2019
Nucor Corp. and AK Steel were each recognized as a Supplier of the Year for Non-Fabricated Steel at General Motors’ 27th annual awards ceremony in Detroit on May 15.
Recipients are chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.
“We hold our suppliers to a high bar,” said Steve Kiefer, GM senior vice president, Global Purchasing and Supply Chain. “They went above and beyond to deliver the innovations and quality that will help us earn customers for life.”
{loadposition reserved_message}
Nucor is the first electric arc furnace steelmaker to receive the recognition. Said John Ferriola, Chairman, CEO and President of Nucor, “We have made significant investments to expand our automotive product portfolio and are focused on providing exceptional customer service. As a result, we continue to gain share in this important market. We are honored to be recognized by GM, and we value the business they do with us.”
AK Steel has been recognized as GM Supplier of the Year for both 2018 and 2017. “It is a testimony to our innovative steel products and the outstanding product quality, delivery, service and support, which our team provides to General Motors each and every day,” said AK Steel CEO Roger Newport.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Nucor maintains plate prices, again
Nucor aims to keep plate prices flat again with the opening of its July order book.
Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices were flat this week after declining seven of the last nine weeks. Offshore prices have also eroded in recent weeks, though not nearly as significantly as in the US.
Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers 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 “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.