Steel Products Prices North America
Bull Moose Tube Adds to Board as Sinton Facility Nears Completion
Written by Laura Miller
October 5, 2022
Bull Moose Tube Co. (BMT) is nearing completion of its new, 350,000-tons-per-year welded tube mill on the campus of Steel Dynamics Inc.’s new sheet mill in Sinton, Texas.
The new hollow structural sections (HSS) and sprinkler pipe mill, Bull Moose’s eighth facility, will allow the company to expand, grow, and increase its total operational capabilities to 1 million tons per year. Completion of the project is scheduled for the first quarter of 2023.
Chesterfield, Mo.-based Bull Moose Tube is a part of the Caparo Bull Moose Inc. (CBM) group of companies. The two companies announced this week they are expanding their Boards of Directors.
The Boards of each company now include:
• The Hon. Ambar Paul: Co-Chair Caparo Group Limited and Caparo PLC; Executive Chairman, Caparo Holdings (US) Limited; Chairman of CBM and BMT
• David Dancaster: Director and Chief Financial Officer of Caparo Worldwide PLC
• Tom Modrowski: President and CEO of BMT
• John Krupinski: Chief Financial Officer of BMT
• Rob Boyle, PhD: Associate Professor of Management, St. Louis University
• Sudhir Maheshwari: Founder and Managing Partner, Synergy Capital Corp LLP
• Kathleen Sullivan: Co-Founder and Principle of Pryzm Advisors LLC and Chief Administrative Officer and General Counsel of BMT
“This collection of directors is a reflection of BMT’s commitment to innovation and collaboration, as well as its insatiable desire to succeed,” said BMT president and CEO Modrowski. “The board will be an invaluable source of counsel, guidance, and inspiration,” as the company starts up the new mill in Sinton.
Bull Moose Tube operates six welded tube facilities in the US and one in Canada. Its products are used in the construction, transportation, fire protection, lawn and garden equipment, engineering, and household product industries.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Products Prices North America
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]