Steel Blog

NY Chapter of AWMI Closing

Tuesday, September 26, 2017 7:28 PM Written by
Published in Other Steel News

The New York chapter of the Association of Women in the Metal Industries (AWMI) will be suspended at the end of this year due to declining membership. Members are encouraged to continue their association membership as an unaffiliated member or associating with another chapter.

No Windfall from Storm, Says Steelmaker

Saturday, September 16, 2017 9:22 PM Written by
Published in Other Steel News

ArcelorMittal is not expecting a big bump in business anytime soon due to the hurricane damage in Texas and the Southeast. “That will take a while to pass through,” said Wendell Carter, vice president and general manager of the steelmaker’s Indiana Harbor mill. Carter responded to questions during a media tour of the East Chicago, Ind., mill on Wednesday.

What I Learned From Steel Buyers on Tuesday

Wednesday, July 12, 2017 4:35 PM Written by
Published in Other Steel News

John Packard, Publisher, Steel Market Update

Today I spent a good portion of my time wandering around the United States and Canada soliciting information about flat rolled steel pricing, lead times, Section 232 and anything else steel buyers wanted to talk about. I thought the quote of the day was from a manufacturing company who told me, “If you know where to look, you can find what you need but, you have to need and you have to look.”

This same buyer also told me, “Your article today on the G20 and its effect on delaying outcome of 232 was spot on. Canada and Australia have both now secured, cracks in the foundation are starting to show. James Mattis [Department of Defense] has announced his own parallel study [on steel], so that can’t be a good thing for supporting the Department of Commerce.”

MSCI, Rolling Meadows, Ill., June 8, 2017—M. Robert Weidner, III, president and CEO of the Metals Service Center Institute (MSCI), issued a statement praising U.S. House passage of the Financial CHOICE Act (H.R. 10). The Financial CHOICE Act repeals the U.S. Securities and Exchange Commission’s burdensome conflict minerals rule:

“The 2010 Dodd Frank bill contained a handful of provisions that had nothing to do with the Great Recession, or the financial meltdown. One of those was the SEC’s conflict minerals rule. As MSCI noted in a letter to the House Financial Services Committee (HFSC) last year, this rule imposed significant costs on the industrial metals supply chain and has done little to achieve its purpose to improve the lives of people living in conflict areas. U.S. House leaders were right to repeal it, and we are grateful to HFSC Chairman Hensarling for his work on this important legislation.

New York Announces Climate & Jobs Initiative

Friday, June 02, 2017 5:50 PM Written by
Published in Other Steel News

President Trump announced on Thursday that the U.S. will withdraw from the Paris Agreement on climate change setting off immediate backlash. In response, states, cities, CEOs and environmental groups vowed to continue to battle climate change without the official backing of the White House. The following press release is from the Governor’s office of New York State.

Governor Cuomo Announces Major Climate and Jobs Initiative in Partnership with the Worker Institute at Cornell University ILR's School and Climate Jobs NY to Help Create 40,000 Clean Energy Jobs by 2020

Governor Andrew M. Cuomo today announced the Clean Climate Careers initiative following the U.S. decision to withdraw from the Paris Accord. The initiative is a multi-pronged strategy to grow New York's emerging clean energy economy and prepare the workforce for the long-term careers associated with this industry. In partnership with the ILR School's Worker Institute at Cornell University and Climate Jobs NY, this initiative focuses on accelerating energy efficiency and renewable energy growth to make New York a magnet for new energy technologies and creating 40,000 new, good-paying clean energy jobs by 2020.

Peter Brebach: In Remembrance

Thursday, June 01, 2017 4:23 PM Written by
Published in Other Steel News

Peter Brebach, CEO of Iron Angels of Colorado, one of the founding members of the American Institute for International Steel (AIIS) and a friend of Steel Market Update where he was a contributing writer and co-founder of SMU Steel 101 workshop has passed away.

The American Institute for International Steel sent out the following press release this morning:

AIIS, Falls Church, VA. June 1, 2017 It is with a heavy heart that we advise the passing of one of The Institute's founding members, Mr. Peter Brebach. Peter was a consummate man of steel and passionate in his dedication to our business. His energy and well informed perspectives will be missed.

Greenwich, CT, May 23, 2017 – Headwall Partners LLC (“Headwall Partners” or “Headwall”), an independent corporate finance and strategic advisory firm focused on the steel metals & mining and paper packaging & building products industries, announced today that steel industry veteran Thomas A. Danjczek has joined as a Senior Advisor.

“The addition of Tom Danjczek to the Headwall Partners team brings Tom’s more than four decades of steel industry knowledge and relationships to our firm,” said Peter J. Scott, Founder and Managing Partner of Headwall Partners. “Tom’s deep understanding of the sector’s competitive drivers including the impact of raw materials, production costs, personnel, power and other key issues, will allow Headwall to provide better advice to our clients as they navigate the steel sector’s highly competitive landscape.”

MSCI, Rolling Meadows, Ill., May 11, 2017—M. Robert Weidner, III, president and CEO of the Metals Service Center Institute (MSCI), issued the following statement today on the U.S. Senate’s confirmation of Robert Lighthizer to be U.S. Trade Representative:

“We are incredibly pleased that the full U.S. Senate finally has approved Mr. Lighthizer for the post of U.S. Trade Representative. This nomination—of an eminently qualified trade lawyer—languished for far too long.

AIST - NASHVILLE, 9 May 2017 — Roger K. Newport, chief executive officer and board member, AK Steel, was named Steelmaker of the Year at AISTech 2017 — The Iron & Steel Technology Conference and Exposition, managed by The Association for Iron & Steel Technology (AIST). The Steelmaker of the Year Award is presented annually by AIST to recognize notable leaders and their contributions to the steel industry.

Port Tampa Bay: Industry Talks in the Sun

Friday, January 20, 2017 9:09 PM Written by
Published in Other Steel News

Port Tampa Bay will host the 28th Tampa Steel Conference on January 30-31, 2017. Port Tampa Bay invites you to attend and has provided the following press release:

Industry Talks Steel in the Sun

For many based north in the U.S. this time of year, the winter months can become plodding post holiday season as we wait for the spring. And for many in our industry, taking a short break to see colleagues, industry related speakers, hear interesting panel topics and crossfire discussions is a welcome format to stay engaged industry wide. "Why not combine both?” Port Tampa Bay president and CEO Paul Anderson asks. "Talk about subjects people care about in steel, things that cut to the chase like 'foreign v. domestic' and other somewhat sensitive issues? Get it out on the table – that’s where opinions and ultimately business decisions are formed.”

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