Features

Steel Summit 2024: Magswitch’s Durgesh Singh wins NexGen Leadership Award
Written by Brett Linton
August 27, 2024
Durgesh Singh of Magswitch Technologies is the recipient of the 2024 SMU NexGen Leadership Award.
The NexGen Leadership Award, sponsored by the Steel Manufacturers Association (SMA) and Modern Metals and now in its sixth consecutive year, is awarded to an emerging leader within the greater steel community.
Singh was presented with the award at the SMU Steel Summit 2024 conference in Atlanta on Tuesday. As COO of Superior, Colo.-based Magswitch Technologies, Singh has over a decade of experience in management and operations.
Nicola Coslett, CEO of CRU Communities; Philip K. Bell, president of SMA; and Michael D’Alexander, publisher of Modern Metals magazine, presented him with the award.
SMU congratulates Singh and the award’s other finalists, Braden Halley of Priefert and Gilberto Padilla of Andes Coil Processors, for their contributions to the industry and for being recognized as upcoming leaders in the next generation of steel.


Brett Linton
Read more from Brett LintonLatest in Features

Apparent steel supply climbs in June
The amount of finished steel coming into the US market increased 3% from May to June, climbing to one of the highest rates seen in recent years, according to SMU’s analysis of Department of Commerce and American Iron and Steel Institute (AISI) data

AISI: Domestic steel production climbs to a 3.5-year high
US steel mills have ramped up output since April, with weekly production increasing in all but four of the past 16 weeks.

Final Thoughts
What are our scrap survey participants saying about the market?

Price on Trade: 40% Brazil tariffs, Section 232 copper program, and misplaced carbon claims
The administration continues to negotiate deals with US trading partners, and the reciprocal tariff program appears poised for further modification. This week, we focus on other important developments that may have received less media attention.

SMU Survey: Modest improvement in Sentiment Indices
Both SMU Sentiment Indices continue to show that buyers remain optimistic for their company’s chances of success, though far less confident than they felt earlier in the year.