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
Metalformers expect steady conditions in coming months
Metalformers expect economic activity to stabilize over the next three months, according to the recently released July Business Conditions Report from the Precision Metalforming Association (PMA).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/construction.png)
Architecture Billings Index rises from 4-year low in June
The Architecture Billings Index (ABI) ticked up in June following May’s four-year low, according to the American Institute of Architects (AIA) and Deltek. While the index improved this month, it continues to indicate weak business conditions among architecture firms.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/FedRes.png)
Beige Book: Uncertainty to continue fueling slower economic growth
Growth in the US economy continues to be constrained. The Federal Reserve’s Beige Book report for July shows more areas reporting flat or declining economic activity than in its previous report at the end of May.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI, AISC, University of Massachusetts get ~$6.4M EPA grant
The American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and the University of Massachusetts at Amherst have received a grant to enhance emissions reporting for steel construction projects.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/empire_state_1-scaled.jpg)
Manufacturing activity in New York state continues to soften
New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.