Steel Mills
Still Time to Register for Community Chat With AGC's Ken Simonson
Written by Michael Cowden
March 21, 2023
Ken Simonson, chief economist for The Associated General Contractors of America (AGC), will be the featured speaker on the next SMU Community Chat webinar on Wednesday, March 22, at 11 a.m. ET.
The live webinar is free. A recording will be available free to SMU members. You can register here.
We’ll talk about the outlook for construction, a key end market for steel. We’ll discuss how higher material costs, including for steel, might affect that outlook.
We’ll also discuss the impact of higher interest rates and infrastructure spending. Will higher rates slow construction activity? And will infrastructure spending result in better demand for your products in 2H 2023 and heading into 2024 – or is it more of a long-term trend?
Another important topic: the ongoing labor shortage. We’ve all seen the headlines about tech layoffs. Could some of those coders be trained to use tools? Because skilled workers remain in short supply – and the situation doesn’t look like it’s going to get better anytime soon.
And we’ll of course take your questions too.
Simonson is in a good position to answer them because AGC is the leading association for the construction industry, with more than 27,000 member firms across a range of markets. And Simonson has been chief economist at AGC since 2001 – which means he’s seen his share of market cycles.
As always, we’ll keep it to about 45 minutes. You can drop in, learn something – and then get on with your day.
PS – If you’d like to see past Community Chat webinars, you can find those here.
By Michael Cowden, michael@steelmarketupdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Mills

Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.

Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.

Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.

AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).

Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.