Features
Alacero taps new leaders at top
Written by Laura Miller
June 7, 2024
Alacero has named new top leaders to guide its ongoing transformation and modernization process, the Latin American steel association said in a statement sent to SMU.
Alacero designated Ezequiel Tavernelli its new executive director as of June 1. He takes over from Alejandro Wagner, who returned to Argentina to pursue other avenues.
Tavernelli is an industrial engineer with 28 years of experience in the steel industry. He has held various positions at the Techint Group and Ternium in his home country of Argentina.
Alacero also recently elected a new president. Jorge Luiz Ribeiro de Oliveira, CEO of ArcelorMittal Aços Planos and VP of ArcelorMittal Brazil, will serve for 2024-25, the association said.
São Paulo-based Alacero has more than 60 member companies with ~62 million tons of production capacity. It represents Latin America’s steel industry at various international organizations, such as the World Steel Association and the OECD.

Laura Miller
Read more from Laura MillerLatest in Features

Final Thoughts
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.

AISI: Raw steel production dips, remains near multi-month high
Following three weekly increases, domestic mill output edged lower last week, according to the American Iron and Steel Institute (AISI).

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Final Thoughts
While I would anticipate market sentiment to pivot and improve if all the questions around tariffs were answered, that still leaves us with a few other factors.

Steel 101: Step inside a live steel mill
Go beyond the classroom with a behind-the-scenes mill tour at SMU’s next Steel 101 – an immersive, expert-led introduction to steel production and market dynamics.