Steel Blog

Steel Market Update (SMU) is pleased to announce that our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop will be held in Ft. Wayne, Ind., and will include a tour of the Steel Dynamics Inc. (SDI) Butler steel mill. The workshop will be held at the Marriott Hotel in Ft. Wayne on October 4 & 5, 2017.

The Ft. Wayne event in October will be our 23rd Steel 101 steel training workshop where we have worked with over 380 people involved in some way with the steel industry. This includes manufacturing companies, steel service centers, steel mills, trading companies, toll processors, financial community, rail and trucking companies, scrap companies and others associated with the industry.


WTO, IMF, World Bank Urge G20 Leaders To Act on Trade

Thursday, July 06, 2017 5:40 PM Written by
Published in Trade Cases

The leaders of the World Trade Organization, the International Monetary Fund and the World Bank urged G20 leaders today to work together to stimulate trade by reducing trade barriers and curbing trade-distorting subsidies while simultaneously seeking better policies to support workers who have lost their jobs.

A joint letter from WTO Director-General Roberto Azevêdo, IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim stressed that the “economic wellbeing of billions of people depends on trade and that deeper trade integration coupled with supportive domestic policies can help boost incomes and accelerate global growth.”


Trade Deficit? I Don’t Think So Says Canada

Thursday, July 06, 2017 3:26 PM Written by
Published in Trade Cases

What trade deficit? That’s what Canada is saying about its trade in steel with the United States. According to data released this week by the Canadian embassy in Washington, DC, the U.S. in 2016 exported $9.7 billion of iron and steel products to Canada while importing $7.4 billion. That is actually a trade surplus for the U.S. of $2.3 billion.


AIIS Reports May 2017 Steel Imports

Wednesday, July 05, 2017 5:41 PM Written by
Published in Imports

The American Institute for International Steel reported a 2.4 percent climb in steel imports from April to May, about one-fifth higher than the same period a year ago.  The press release from AIIS follows:


AK Steel to Purchase Precision Partners

Wednesday, July 05, 2017 2:48 PM Written by
Published in AK Steel

AK Steel, West Chester, Ohio, has signed an agreement to acquire Precision Partners Holding Co. for $360 million in cash. Precision Partners is a leading North American automotive market company that provides engineering, tooling, die design and hot and cold stamped steel parts. Headquartered in Ontario, Precision Partners employs more than 1,000 employees, including about 300 engineers and skilled tool makers, across eight plants in Ontario, Alabama and Kentucky.


AGC Reports Construction Spending Steady in May

Monday, July 03, 2017 8:06 PM Written by
Published in Construction

Construction spending remained steady in May, reports The Associated General Contractors of America, but the sector continues to be held back by a shortage of skilled labor and political gridlock on infrastructure spending.


AK Steel to Purchase Auto Parts Company

Monday, July 03, 2017 12:29 PM Written by
Published in AK Steel

AK Steel, West Chester, Ohio, has signed an agreement to acquire Precision Partners Holding Co. for $360 million in cash. Precision Partners is a leading North American automotive market company that provides engineering, tooling, die design and hot and cold stamped steel parts. Headquartered in Ontario, Precision Partners employs more than 1,000 employees, including about 300 engineers and skilled tool makers, across eight plants in Ontario, Alabama and Kentucky.


Welcome back from the Holidays. I hope everyone in Canada and the United States had some quality time with their family and friends. From my perspective, these past few days were the last ones where I get to relax until August 31st - the day after the conclusion of our SMU Steel Summit Conference. The August 28, 29 & 30th conference has already exceeded last year's record attendance and our conference continues to be the fastest growing steel conference in North American.


Section 232 Report to be Released After G20 Summit

Friday, June 30, 2017 6:23 PM Written by
Published in Trade Cases

Release of the Section 232 study will be delayed until after the G20 summit meeting next week in Germany, said an administration official, according to a report by Reuters. The president is expected to use the national security review as leverage at the meeting to demand reduction of excess steel capacity and trade distorting measures in the global market, said Reuters.


The list of companies registered for our 7th SMU Steel Summit Conference continues to grow. With 60 days to go before the start of the August 28-30 event, we are now at more than 200 companies with 450+ individual registrations. We are well on our way to the expected 500+ executives attending this year's event.

Our speakers will address Section 232, the economy, supply and demand, free and fair trade, AD/CVD reviews, circumvention, manufacturing and forecasts for steel and commodity pricing and business conditions for 2018 and beyond. We will also address the issue of attracting more youth to steel careers and what needs to be done to add more depth to the industry.

We invite you and your company to join those already registered for one of the premier networking events for the steel and manufacturing communities.

You will find more details about our schedule, speakers, sponsors, exhibitors, lodging and the convenient location of the convention center adjacent to Atlanta's airport at the address below. For more information on the cost and how to register, visit: www.SteelMarketUpdate.com/events/steel-summit