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

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.

US housing starts gain momentum in July
US housing starts rose in July both month-on-month and year-on-year, according to figures from the US Census Bureau.

Manufacturing in New York state improves again in August
Business activity in New York state improved modestly in August. It was just the second positive reading for the general business conditions index in six months.

President Trump intends to set additional steel tariffs
While boarding Airforce One on Friday, US President Donald Trump stated that he would be setting more steel tariffs and putting ~100% tariffs on semiconductors and chips.

Hot-rolled spot market conditions linger, prices slip
Market participants said they have high hopes that the stable hot-rolled spot market will improve as the year rolls on.