Steel Products

First SMU Community Chat of '22 to Feature Timna Tanners of Wolfe Research
Written by Michael Cowden
December 17, 2021
SMU is pleased to announce that Wolfe Research Managing Director Timna Tanners will be the featured speaker on our first Community Chat webinar of 2022.
We’ll discuss the big issues – the great debates – that will drive steel markets next year:
* Will we see continued solid demand in 2022 or a “great unwind”?
* Will mills maintain “discipline” next year, or will a “sheet storm” hit as they break ranks and fight for business?
* As new EAF capacity comes online, will there be enough scrap to go around – or will “Scrapmageddon” come?
* Also, does China still drive the bus when it comes to commodity price trends? And, if it does, what does that mean for North American prices if Chinese steel demand slows?
We’ll of course take your questions too.
As always, we’ll keep it to about 45 minutes. You can (virtually) drop in, learn something – and then get on with your day. And the webinar is free.
Register here and tune in on Wednesday, Jan. 5 at 11 a.m. ET (10 a.m. CT).
{loadposition reserved_message}
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Products

September energy market update
In this Premium analysis we examine North American oil and natural gas prices, drill rig activity, and crude oil stock levels through September. Trends in energy prices and rig counts serve as leading indicators for oil country tubular goods (OCTG) and line pipe demand.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.