Market Data

Dempsey Named New President & CEO of AISI
Written by Sandy Williams
December 3, 2020
Kevin Dempsey has been named president and CEO of the American Iron and Steel Institute by the AISI Board of Directors. Dempsey has been serving as interim president and CEO since the retirement of Thomas Gibson in June.
“Kevin Dempsey has been a driving force for the steel industry’s advocacy on our key priorities for many years. At a time when we are challenged not only by the global pandemic but by unfair trade practices and massive global steel overcapacity, the AISI member companies have the utmost confidence in Kevin’s leadership and expertise,” said John Brett, chairman of AISI and president and CEO of ArcelorMittal USA.
Dempsey has had a long association with AISI, serving as the institute’s senior vice president for public policy and general counsel since 2009. Before joining AISI, Dempsey was a partner at Dewey & LeBoeuf, a global law firm, and its predecessor Dewey Ballantine LLP., and had served on Capitol Hill as counsel to Senator John C. Danforth (R-MO) and the U.S. Senate Committee on Commerce, Science and Transportation.
“I am honored and privileged at this opportunity to continue serving the American steel industry. The industry is a cornerstone of our economy, the backbone of America’s manufacturing sector, critical to our national security and the cleanest and most energy efficient of the leading steel producing industries in the world. I look forward to working with our member companies and partners to continue this momentum,” said Dempsey.
Sandy Williams
Read more from Sandy WilliamsLatest in Market Data
Final Thoughts
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
Chicago Business Barometer improves but still contracts in October
The Chicago Business Barometer’s October reading still indicates a cooling in general business activity despite posting a surprise gain.
Drilling activity slows at October’s end in US and Canada
The latest Baker Hughes rig count report showed oil and gas drilling slowing in both the US and Canada last week.
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.
SMU Steel Demand Index improves but remains in contraction
SMU’s Steel Demand Index remains in contraction, according to late October indicators. Though growth faded at a slower pace, it rebounded from one of the lowest readings year-to-date from earlier in the month.
