Economy
SMA Taps CMC's Garrison for Chairman
February 3, 2023
The Steel Manufacturers Association (SMA) has announced the election of Ty Garrison as chairman.
Garrison is senior vice president of operations at Irving, Texas-based Commercial Metals Co. (CMC). He leads operations and commercial teams in the US and Poland, along with supply chain and engineering functions. Garrison joined the CMC commercial team in 2000 and was appointed to his current role in 2021.
“Ty has leadership qualities that help organizations grow their strengths, capitalize on opportunities, and overcome challenges, all while putting people first and focusing on solutions,” SMA president Philip K. Bell said in a statement.
Garrison noted that it was “an exciting time to be the chairman of SMA.”
“Global trade deals and standards for sustainable steel are being negotiated around the world, and we must make sure that steel produced by SMA members — some of the cleanest steel in the world — continues to lead the conversation,” he said.
Joining Garrison on the SMA executive committee are past chairman, Mark Millett, chairman and CEO of Steel Dynamics Inc.; the treasurer, Jim Hrusovsky, CEO, Alton Steel; and five at-large members: Greg Murphy, executive vice president, business services, and general counsel, Nucor Corp.; Chuck Schmitt, president, SSAB Americas; Eric Shuster, president, Vallourec Star LP; Ed Goettl, chief revenue officer, Optimus Steel; and Matt Ruckwardt, vice president, chief of steel operations and business performance, Cascade Steel, a Schnitzer Steel Industries company.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Economy

SMU Community Chat: Tariff-induced panic purchases, inflation, and calculating costs
Chief executive of the Institute for Supply Management (ISM), Tom Derry highlighted how reactive buying behavior has shifted the market into a quiet demand period. Derry presented ISM data during the weekly SMU community chat.

Architecture billings still sluggish despite project inquiry uptick
The Architecture Billings Index (ABI), a leading indicator for non-residential construction activity, declined for an eighth straight month in June.

Beige Book: Tariff pressures mount, flat outlook
All districts reported “experiencing modest to pronounced input cost pressures related to tariffs, especially for raw materials used in manufacturing and construction.”

Steel exports recovered in May but still historically low
US steel exports rose 10% from April to May but remained low compared to recent years. This came just one month after exports fell to the lowest level recorded in nearly five years.

AISI: Raw steel production ticks up near recent high
The volume of raw steel produced by US mills inched higher last week, according to the American Iron and Steel Institute (AISI). After steadily increasing in April and May, domestic mill output stabilized in early June and has remained historically strong since.