Community Events
May 27, 2022
Written by Michael Cowden
Steel Market Update will be taking time off in observance of Memorial Day.
We will not publish an issue on Sunday, May 29, and our offices will be closed on Monday, May 30.
Our weekly pricing service will not be impacted.
We will resume our regular publication schedule and our pricing service on Tuesday, May 31.
By Michael Cowden, Michael@SteelMarketUpdate.com
NEMO Industries CEO talks cost and reasoning behind a $3-billion pig iron project in Louisiana.
Want to know the latest on Trump, tariffs, and trade policy - and the impact on both steel and aluminum? Then join SMU, AMU, and leading law firm Wiley for a Community Chat on Thursday, Nov. 13, at 11 am ET.
Joe 'Magic' was known across the industry as a remarkable salesman with a larger-than-life personality. In 1974, he founded a one-person steel brokerage operation in Michigan that would become Magic Steel.
SMU spoke with a large channel in Brazil who confirmed his company sold a cargo of 50,000 metric tons (mt) to a US buyer at $383/mt FOB Brazil. That's down $12/mt from the last cargo sold in September.
Brown's career began at the historic integrated U.S. Steel mills near Pittsburgh. He now helps lead the Big River Steel EAFs in Arkansas.