Steel Products

FREE Community Chat on Steel Mill Costing & Decarbonization Wednesday at 3:30 P.M.
Written by John Packard
March 14, 2021
On Wednesday, March 17, Steel Market Update will host John Packard (SMU CEO) and Ryan Smith, Senior Analyst covering global steel costing and decarbonization for CRU. This will be a special program in that Ryan resides in Sydney, Australia, thus the 3:30 p.m. EDST time instead of our usual 11 a.m. start time
Ryan Smith has spoken at two of our SMU Steel Summit Conferences and he is an interesting speaker with a solid grasp on the subject matter he will be covering. During our approximately 45 minutes together, we will discuss how U.S. steel mills fare against their global competitors (from a cost to produce perspective). We will also discuss where U.S. mills stand on the carbon cost curve and what decarbonization of the industry will mean to the domestic mills and their customers.
In our opinion, this is subject matter everyone in the steel industry needs to be paying attention to and learning more about.
You can register for this free event by clicking here or going to the SMU Community Chat Webinar tab on our home page.
Ryan Smith manages CRU’s Steel Cost Service – a service that provides comprehensive coverage of the global steel industry and details CRU’s independent view of the cost structures for semifinished, flat and long product steel. Steel Cost analysis provides insight into the investment decisions made by steelmakers, allows for an understanding of what drives competitiveness around the world and how it is forecast to change over time, and forms a key part of CRU’s Steel pricing methodology.

John Packard
Read more from John PackardLatest in Steel Products

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.

CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]

Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.

CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]