Market Segment
May 10, 2024
Written by Ethan Bernard
Nucor said Douglas J. Jellison plans to retire as executive vice president on June 8 after more than 33 years with the company. Randy J. Spicer will be promoted to EVP effective May 12.
Jellison began his career at the Charlotte, N.C.-based steelmaker in 1990 as materials manager at Nucor Bearing Products. He then served in a variety of roles before being promoted to EVP in 2021.
Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce's latest import license data.
Nucor plans to invest $105 million to expand production at its utility towers and structures plant in Crawfordsville, Ind.
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.
Philip K. Bell, head of the Steel Manufacturers Association (SMA), delivered the opening presentation at the fall meeting of the International Iron Metallics Association (IIMA) in Chicago this week. He touched on three key themes: Section 232, the Mesabi Metallics mill in Iowa, and the increasing importance of financial experience for leadership positions in steel.
The US Department of Commerce is considering raising the anti-dumping duties on imports of corrosion-resistant steel products (CORE) from Korea.