SMU Data and Models
US Steel Names Two New SVPs
December 23, 2022
US Steel has announced the appointment of two new senior vice presidents.
Christian Gianni has been named senior vice president and chief technology officer, and John Gordon has been named senior vice president of raw materials and sustainable resources.
Gianni comes to US Steel from Deka Research and Development Corp., where he served as the executive leader for product development and manufacturing.
Before joining US Steel, Gordon spent 2018 to 2022 at Johnson Matthey, a global leader in sustainable technologies, culminating in his position as managing director of the Platinum Group Metals Services division. He was also president of Johnson Matthey (USA).
Both will report directly to David B. Burritt, president and CEO, as members of the company’s executive management team, US Steel said Thursday, Dec. 22.
By Ethan Bernard, Ethan@SteelMarketUpdate.com
Latest in SMU Data and Models
SMU Survey: Sheet lead times inch up, plate moves lower
Sheet times ticked higher but remain within days of multi-year lows, territory they have been in since May. Plate lead times have shifted lower in the past month but remain about a week longer than they were at this time last year.
SMU Survey: Mills slightly less negotiable on spot pricing
Sheet and plate buyers say mills remain open to negotiating spot prices this week, though less so than in recent weeks, according to SMU’s latest market survey.
August service center shipments and inventories report
US service centers flat-rolled steel supply in August declined month-over-month (m/m) and year-over-year (y/y), according to SMU data.
Apparent steel supply remains elevated in July
Apparent supply totaled 8.88 million short tons (st) in July, down 38,000 st from June and 6% higher than the same month last year
HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.