Steel Blog
Sandy Williams

Sandy Williams

Sandy Williams joined Steel Market Update as Editor and Writer in October 2012. She is a graduate of The University of Akron with degrees in Business Management, Public Relations and a masters in higher education administration. She has experience in writing, marketing, and event planning for non-profit organizations. Sandy edits the SMU newsletter and writes articles. For more information, email Sandy@SteelMarketUpdate.com.

Saturday, 14 October 2017 10:42

JSW USA Doubles Quarter's Sales

JSW Steel USA's first-quarter FY 2018 sales more than doubled from a year ago. Revenue from operations totaled $58.67 million compared to $25.26 million in Q1 FY 2017. EBITDA was positive at $5.1 million after a loss of $5.45 million in last year's corresponding quarter.

The plate mill at the Baytown, Texas, facility produced 65,491 net tons compared to 37,869 tons in the prior year first quarter for a jump in capacity utilization rate to 28 percent from 16 percent. Sales for the quarter jumped to 52,410 tons from 27,542 tons.



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Labor rights need to be at the forefront of NAFTA talks, assert leaders of the United Steelworkers and the United Autoworkers. In a joint statement on Oct. 12, United Steelworkers International President Leo W. Gerard and USW Canadian National Director Ken Neumann challenged negotiators to craft a NAFTA agreement that "will raise standards, ensure they are enforced and provide growth and opportunity for workers in all three countries."



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Saturday, 14 October 2017 16:03

U.S. Rules of Origin Proposal Widely Opposed

It's on the table: the U.S. proposal for rules of origin for NAFTA automobiles.

On Friday, the Trump administration made its demand for 50 percent U.S. content in NAFTA-produced cars and trucks and an increase of North American content from 65.2 percent to 85 percent. The increase for U.S. content would be made within the first year of signing a new NAFTA agreement and the regional content would be phased in over a period of years.

In the proposal, steel, aluminum and other raw materials would be added to the tracing list requiring proof of origin as would sophisticated components like electronics. Most electronic systems are manufactured in Asia and were not subject to the original NAFTA agreement because they did not exist two decades ago.



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Thursday, 12 October 2017 10:24

Will NAFTA Round 4 Be the Knockout Blow?

The fourth round of NAFTA talks is under way in Washington with some negotiators fearing the demise of the 20-year-old agreement.

"There are several poison pill proposals still on the table that could doom the entire deal," said Tom Donohue, CEO of the U.S. Chamber of Commerce in a speech in Mexico City on Tuesday.



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The Global Forum on excess steel capacity is getting closer to releasing its report. The Forum was convened after the G20 meetings in Paris and has outlined six key principles in a draft report that is circulating among 33 participating countries. Comments are due by Oct. 10 with a possible final draft delivered to G20 ministers on Nov. 17.



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Tuesday, 10 October 2017 12:09

New Product Manager at CENTRIA

CENTRIA, a manufacturer of architectural metal wall and roof systems based in Pittsburgh, announced the addition of Stephan Ploszay to the CENTRIA team as Product Manager, Rainscreen Systems.

Monday, 09 October 2017 15:44

Reliance Acquires Perforating Company

Reliance Steel & Aluminum Co. and wholly-owned subsidiary Diamond Manufacturing Co. announced the acquisition of Ferguson Perforating Co., effective Oct. 2. Los Angeles-based Reliance is the largest service center company in North America.

Ferguson specializes in producing highly engineered and complex perforated metal for diverse end markets ranging from aerospace and automotive to industrial machinery, consumer electronics manufacturers, and sugar producers. Its products are used for numerous applications abroad and domestically.



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Tuesday, 10 October 2017 10:00

SMA Reports on Hot-Button Issues

The Steel Manufacturers Association is still confident that the Section 232 investigation on steel imports will bring relief to the U.S. steel industry. SMA President Philip Bell called the investigation a "really complex issue," during a media call on Monday.

Although the administration issued a self-imposed deadline of June 30, which it failed to meet, the investigation is now on a more typical timeline, Bell said. Section 232 actions are designed to take about a year to complete. Following the Jan. 16 deadline for a report, the president will have another 90 days to implement any actions on imported steel.



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The global steel industry continues to improve its sustainability record in environmental, social and economic performance, according to the World Steel Association 2017 sustainability report.

Worldsteel surveyed 126 steel companies and six associations regarding eight sustainability indicators. The group represents 54 percent of global crude steel production for 2016 or 875 million tons of steel. Although Worldsteel does not provide a country-by-country breakdown, survey participants are widely spread across the globe, including Asia, CIS, the EU, the Middle East, Africa, and South and North America.



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Friday, 06 October 2017 15:42

Dodge Index Declines for Fourth Month

The Dodge Momentum Index slumped 8.4 percent to a reading of 116.4 in September. The index, published by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year.



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