The 2017 SMU Steel Summit Conference Events App is now available for all attendees, sponsors and exhibitors to download and use. The App is where you find all the most up-to-date information about the conference, what you work from to network with other attendees and what you will use to get the speaker presentations after the conference is over. To get the most out of the SMU Steel Summit Conference experience, you will want to download and use the SMU Events App.
Welcome to the mobile era. When you attend Steel Market Update events, you can be armed with a tablet or smartphone and have a much better, and more productive, conference experience. Everything is at your fingertips: a detailed conference agenda, list of speakers with biographical information, a complete list of the attendees, sponsors and exhibitors, and more. You can take notes as you go and, importantly, you can connect, engage and follow up with other attendees in ways you have not been able to do in the past. You can search through the attendee list and find those you would like to contact, send an email to meet later or forward company information with ease. And, with the SMU Events App, social media is integrated, as well. You can tweet or post to Facebook or LinkedIn during the event without leaving the App, interacting with others quickly and efficiently.
We continue to develop new and better ways to simplify and enhance your conference experience.
Each year, more and more of our attendees use the SMU Events App. At the 2016 SMU Steel Summit Conference, 80 percent of the attendees downloaded the App. Last year, the most popular features were the ability to access others attending the conference and viewing the agenda. We also found more people accessing the speaker PowerPoint presentations through the App. During the conference, we used the polling feature for the first time. That’s when we discovered twice as many of our attendees supported Donald Trump than Hillary Clinton. Our attendees got some early insight on who would be the next president months before the election.
ArcelorMittal Cleveland General Manager Eric Hague retired June 30, 2017, after 42 years in the Cleveland steel industry.
Hauge was instrumental in preserving the blast furnaces when former owner LTV closed the plant in 2001. Instead of a warm idling of the furnaces, Hauge suggested a controversial cold shut down to preserve them from the harsh winter conditions in Cleveland. Hague was always confident that a buyer would be found and the plant would be revived.
ArcelorMittal's Georgetown steel mill may see new life under prospective owner Liberty House Group. A tentative deal has been reached with UK-based Liberty House to purchase the shuttered wire rod facility, but a completed purchase agreement has not been signed.
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 exemptions...so, 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.”
Editor’s note: The opinions expressed here are those of trade attorney Lewis Leibowitz and do not necessarily reflect those of Steel Market Update. There will be more discussion about trade, trade suits and Section 232 in our upcoming SMU Steel Summit Conference, which will include presentations by Leibowitz and others on both sides of the trade debate.
Steel is in the forefront of foreign and economic policy once again. The country awaits a decision from the president about restricting steel imports into the United States to protect domestic steel producers. The decision, expected before now, has been delayed in part at least because of controversy within the administration about whether import restrictions would do more harm than good.
Not the Bourbon, Please!
U.S. bourbon exports are on the table for a retaliatory tax should Section 232 cut off EU steel exports. Bourbon, made almost exclusively in Kentucky, accounted for 20 percent of the $654 million of U.S. spirits sold to the European Union in 2016, according to a recent article in The Guardian.
On Monday, our registrations for the Aug. 28-30 SMU Steel Summit Conference surpassed 500 steel and manufacturing executives. We expect to beat last year’s attendance record by 100 attendees as the SMU Steel Summit Conference continues to be the fastest growing steel conference in North America. There are now 46 days to go...
Each and every day the work load gets more difficult as we prepare for more than 500 executives to arrive in Atlanta for our 7th SMU Steel Summit Conference. We will kick off the event on Monday, Aug. 28, with registration/check-in beginning at noon and the first of our two “Pre-Summit” programs beginning at 2 PM. As of Sunday evening, July 9th, there are 49 days before the kick-off of our conference on August 28th.
On that Monday, our first Pre-Summit Program will feature trade attorney Lewis Leibowitz and Cato Institute Trade Specialist and former ITC Chairman Daniel Pearson. They will spend the better part of an hour discussing the various trade suits and remedies and explain the differences between a Section 337, Section 323, Section 201, Circumvention and the more traditional Antidumping (AD) and Countervailing Duties (CVD), which will be either under review or soon to be under their annual review for CORE (corrosion resistant), cold rolled and hot rolled steels.
At 3 PM on that Monday afternoon, Applied Value will conduct a second Pre-Summit Program entitled, “Fact-Based Steel Negotiations: Gross Margin Alignment, Lining Up Cost and Sales, Mitigate Risks with a Risk Strategy and Reduce Volatility for Your Company.” Ryan Huff, associate partner of Applied Value, will conduct the program.
Construction employment reached its highest level since October 2008, adding 16,000 jobs in June. The Associated General Contractors of America report that, after a three month pause, firms last month added employees at nearly double the rate of the overall economy.
Steel Dynamics announced it is expanding its structural and rail division in Columbia City, Ind. The $75 million project will allow for the annual production of 240,000 tons of reinforcing bar in various sizes and will utilize excess melting and casting capability at the plant.