Steel Products

2022 SMU Steel Summit Conference Update
Written by Michael Cowden
April 7, 2022
2022 SMU Steel Summit
Finally, a note from our founder, John Packard, who wants to make sure all of you are aware of the latest developments for our big event which will be held in Atlanta on the 22nd through the 24th of August.
The following companies registered for the 2022 SMU Steel Summit Conference over the past few days. An asterisk means more than one executive is attending from that company: ANDRITZ Metals USA, Inc.*, BMO Harris Bank*, Central Plains Steel Co., Klauer Manufacturing Company*, Ohio Pickling & Processing*, Steel Technologies Inc.*.
We are on track to meet our goal of having 1,200 executives representing decision-makers in manufacturing, steel distribution, steel mills, trading companies, fabricators, logistics experts, analysts, and many others associated with the greater steel community. You can learn more about this year’s conference, costs to attend, and how to register by going to: https://events.crugroup.com/smusteelsummit/home
We are encouraging companies to send younger executives to the conference this year. We will be rolling out special pricing for young people who register to join the SMU NexGen Community. There will not be any fees associated with joining the NexGen Community, and there will be benefits for both the company and the individuals who participate in the group. We will be unveiling much more about the NexGen Community in the coming days.
Under the banner of the NexGen Community will be the SMU NexGen Leadership Award. Nominations are now open. You can find more information about the award, past winners, nominee criteria, and how to nominate someone from your company (or yourself) on our website: https://events.crugroup.com/smusteelsummit/awards
Lourenco Goncalves, CEO of Cleveland-Cliffs has volunteered to participate as the mentor to this year’s SMU NexGen Leadership Award winner.
Later this month, SMU is hosting one of our very popular Introduction to Steel Hedging Workshops (used to be called Hedging 101) with our primary instructor, Spencer Johnson of StoneX Financial. The dates of this virtual event are April 26-27 (half day instruction each day). You can learn more about the agenda, instructors, costs to attend, and how to register by going to: https://events.crugroup.com/steel101/about-steel-hedging-101
Thanks, everyone, for your interest in Steel Market Update.

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.