Steel Products

April 29 SMU Community Chat to Focus on Construction Market
Written by Tim Triplett
April 27, 2020
Steps to contain the spread of COVID-19 have dealt a serious blow to construction, which is the largest market for steel. Construction will be the focus of this week’s SMU Community Chat.
Two out of three construction executives responding to an April 20-23 survey by the Associated General Contractors of America reported that they are experiencing project delays and disruptions due to owner-ordered cancellations and shortages of construction materials, personal protective equipment and skilled workers.
There are many questions regarding how COVID-19 is going to impact the residential, commercial and other forms of construction both in the near term, as well as 12-24 months out into the future. Join us on Wednesday, April 29, as we ask the tough questions, and get answers from the Chief Economist for the AGC.
Simonson will offer more details on AGC’s findings and his forecast as this week’s guest speaker for SMU’s Community Chat, set for 11 a.m. Eastern Time on Wednesday, April 29. The 45-minute webinar is free and open to all. To register, click here.

Tim Triplett
Read more from Tim TriplettLatest in Steel Products

Nucor drops HR spot price to $865/ton
Nucor has lowered its hot-rolled (HR) spot price by another $10 per short ton (st) this week.

SMU Week in Review: Aug. 11-15
With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this week and a few things to keep an eye on.

Active rig count holds in US but grows in Canada
Oil and gas drilling in the US was unchanged this past week following three straight weeks of declining activity. Canada saw another gain, reaching a 22-week high.

Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.

Welspun Tubular makes $150M investment in Arkansas line pipe mill
Line pipe manufacturer Welspun Tubular LLC has announced a $150-million expansion project at its site in Little Rock, Ark.