Distributors/Service Centers
October 17, 2023
James Bouchard To Retire as Esmark CEO
Written by Laura Miller
After more than 40 years in the steel industry, James Bouchard announced he will be retiring as CEO of Esmark Inc., effective Nov. 23.
Latest in Distributors/Service Centers
Steel market chatter this week
Earlier this week, SMU polled steel buyers on topics ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events. Below, we share a selection of the comments we received, in each buyer’s own words.
Worthington sees tight supply, extended lead times limiting shipments
Worthington Steel said tight US steel supply, low imports, and extended lead times constrained shipments and quoting opportunities during its first fiscal quarter, even as the conditions supported pricing and spread sustainability.
Worthington Steel swings to a quarterly loss
Worthington Steel reported a surge in sales in its first quarterly results to include the Kloeckner acquisition, but the company posted a net loss as the acquisition reshaped its sales and operating mix.
SMU Survey: Foreign steel momentum eases amid mostly solid demand
SMU’s latest Flat-Rolled Steel Survey points to largely stable demand, but foreign steel orders have softened since the previous survey, and service centers continue to report stronger activity than manufacturers.
SMU flat-rolled market survey results now available
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.