Steel Mills
Roberto Alvarez Appointed CEO of Esmark Steel Group
Written by Sandy Williams
January 8, 2021
Esmark Steel Group has a new chief executive officer as of Jan. 1. Roberto M. Alvarez has been appointed CEO after serving as executive vice president and a member of the Esmark Board of Directors.
“We believe that Roberto’s years of experience, not only with Esmark but also within the broader steel industry, position him as a strong leader as he steps into this next role as chief executive officer of Esmark Steel Group,” said Jim Bouchard, chairman, Esmark Inc.
Alvarez has more than 40 years of experience in the steel industry. Prior to joining Esmark, Inc., in 2010, he was managing general partner at United Steel Group, LLC; executive vice president at MAN Ferrostaal, Inc.; vice president at Couthino & Caro Co., Inc.; senior vice president at Gacome, Inc.; and product manager at Ahmsa Steel International, Inc. He began his career at J&J Steel Supply Service Center in 1978.
“I’m excited to take on this role and these new responsibilities with Esmark Steel Group,” said Alvarez. “Having begun my career in the steel service center industry, I’m thrilled to come full circle and now lead one of the industry’s best.”
Esmark Steel Group, a wholly owned subsidiary of Esmark, Inc., is a U.S. distributor and processor of value-added flat rolled steel and the third largest U.S producer of tin plate steel.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs steadfast in commitment to Middletown decarb project
Cleveland-Cliffs Inc. on Monday reiterated its commitment to a major decarbonization project at its Middletown Works in Ohio, despite an earlier report suggesting otherwise.
Nucor expects weak steel prices to drive Q3 earnings decline
Nucor blamed lower steel prices for weaker third-quarter results in earnings guidance released on Tuesday.
SDI guides toward lower Q3 earnings on weaker flat-rolled steel prices
Steel Dynamics Inc. (SDI) expects lower third-quarter earnings on the heels of “meaningfully lower” prices at its flat-rolled steel operations. The Fort Wayne, Ind.-based steelmaker expects Q3’24 earnings of $1.94 to $1.98 per diluted share, according to figures released on Monday. That’s down from $2.72 per share in Q2’24 and down from $3.47 per share in Q3’23.
Stelco shareholders OK $2.5B sale to Cliffs
Stelco shareholders voted overwhelmingly on Monday to OK the $2.5-billion sale of the Canadian flat-rolled steelmaker to Cleveland-Cliffs. Indeed, 99.97% of those who cast ballots voted to approve the deal, according the Hamilton, Ontario-based steelmaker.
White House may delay decision on USS-Nippon deal until after election: report
The White House decision on blocking Nippon Steel’s play for Pittsburgh-based U.S. Steel might be pushed back until after the upcoming presidential election, according to a report in the Washington Post.