Steel Products

U.S. Steel Hires Former Goldman Sachs Analyst
Written by Laura Miller
August 2, 2023
Effective in September, former Goldman Sachs analyst Emily Chieng is joining U.S. Steel as the Pittsburgh-based steelmaker’s new investor relations officer.

Chieng succeeds and will report to Kevin Lewis, who became VP of finance in December.
Chieng previously served as VP of equity research for the North American metals and mining segment of Goldman Sachs. Before joining the investment firm in 2014, she worked for mining giant BHP Billiton.
“As we continue to successfully execute our strategy to maximize stockholder value, I am thrilled to welcome Emily to U.S. Steel,” Lewis said of her appointment.
“Her extensive experience as a research analyst in the sector is an exciting addition to our existing investor relations team. Emily has built a reputation of understanding the metals and mining industry and effectively communicating with the financial community. I’m eager for Emily to engage with our current and future stockholders,” he added.

Laura Miller
Read more from Laura MillerLatest in Steel Products

Drilling activity slows in US but picks up steam in Canada
Oil and gas drilling in the US slowed for a third consecutive week, while activity in Canada hovered just shy of the 19-week high reached two weeks prior.

Domestic mill shipments rise in June: AISI
US steel shipments increased month over month and year over year in June, according to the latest figures from the American Iron and Steel Institute (AISI).

Active rig counts slipped in US, Canada
Drilling activity slowed in the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.

OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.

Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.