Steel Market Update’s acquisition by the CRU Group is already paying dividends to SMU followers, who are invited to sit in on a free webinar hosted by experts from CRU beginning at 10 a.m. EST on Tuesday, Aug. 14. The latest in CRU’s webinar series, “Mid-Year Update on the North American Steel Market,” will feature […]
Registrations continue for the 2018 SMU Steel Summit Conference. We have broken through 800 and are nearing 825 registered steel and manufacturing executives as of Tuesday, July 31, 2018. To put that into perspective, we had 534 people registered as of July 31, 2017, and we ended up with 650 total attendees, which was a […]
We have an exceptional new steel training event coming up in September as Steel Market Update works with AK Steel to conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. The dates of this unique opportunity to see both a fully integrated steel mill and the AK Steel Research […]
The SMU Steel Summit Conference Events App for the 2018 event is now available for all registered attendees, sponsors and exhibitors to download and use. The app is where you find all the most up-to-date information about the conference, how to find and network with other attendees, participate in interactive segments of the conference, and […]
We are now 29 days away from the start of the 2018 SMU Steel Summit Conference. We will have more than 800 executives from manufacturing, steel distribution, steel mills, trading companies, toll processors as well as companies who supply those industries. One of the ways Steel Market Update is able to keep costs down for […]
We have an exceptional new steel training event coming up in September as Steel Market Update works with AK Steel to conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. The dates of this unique opportunity to see both a fully integrated steel mill and the AK Steel Research […]
The American Iron and Steel Institute (AISI) believes the Trump administration’s Section 232 tariffs will survive the legal challenge filed by the American Institute of International Steel (AIIS) last month. “We believe this case is without merit and we are confident the court will reject this challenge to the constitutionality of the Section 232 statute,” […]
Many steel buyers, and investors in steel futures, are betting that steel prices will follow the typical seasonal pattern and decline in the last few months of the year, even with the Trump tariffs boosting the market. While that may prove true for flat roll, it will most likely not be the case for steel […]
The ferrous scrap market is showing small signs of weakness looking ahead to August, report Steel Market Update sources, who say prices on obsolete grades such as shredded and heavy melt are likely to decline anywhere from $5 to $20 per ton next month, while pricing of busheling and bundles will remain unchanged. Demand for […]
Scrap is trading lower in August. Steel Market Update sources in the ferrous scrap market report that the price of obsolete grades has declined by about $20 per ton and prime by $10 per ton. Weakness in foreign markets has reduced scrap exports, increasing the domestic supply. “Looking forward, I don’t expect prices to really […]
As of the first week of September, with the market still unsettled, ferrous scrap was expected to trend down for the month by another $20 per ton for obsolete grades and perhaps that much for prime, report Steel Market Update sources. On Friday afternoon, we did hear that prices settled in some of the markets […]
Following on declines in August and September, ferrous scrap prices in October are settling at an increase of $20 per ton for prime grades and $10 per ton for obsolete grades, according to Steel Market Update sources. A dealer in the Northeast reports that the Detroit market has bought Busheling at $390/GT, up $20; Shredded […]
Construction jobs increased in 32 states and the District of Columbia from May to June, and in 43 states and D.C. between June 2017 and June 2018, according to an analysis of Labor Department data by the Associated General Contractors of America. “Construction is proving to be a reliable source of employment growth in nearly […]
On Sept. 11 & 12, Steel Market Update, in conjunction with AK Steel, will conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels Workshop. Everything about this workshop is special: It is the first workshop that we be held at the research facility at a fully integrated steel mill (AK […]
On Sept. 11 & 12, Steel Market Update, in conjunction with AK Steel, will conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels Workshop. Everything about this workshop is special: It is the first workshop that we be held at the research facility at a fully integrated steel mill (AK […]
Olympic Steel, Inc., a leading national metals service center, has been awarded an IATF 16949 management system certificate for manufacturing flat rolled steel, stainless and aluminum, including slitting, cut to length and configured blanks. IATF 16949 was developed by the International Automotive Task Force (IATF) and the Japan Automobile Manufacturers Association (JAMA), in conjunction with […]
The 2018 SMU Steel Summit Conference is on pace to become the largest conference we have ever hosted. Our conference will be the premium networking event for manufacturers, fabricators, steel distributors, steel mills, trading companies and toll processors, as well as the industries that supply those groups. Based on the current registration rate, we anticipate […]
We have passed through 750 registrations for the 2018 SMU Steel Summit Conference, which is now 39 days away! Graber Post Buildings, Esmark, CMC Impact Metals, North American Steel Alliance, Fluor, Whirlpool Corporation, Metal One America, Gateway Terminal, Argus Media, USS/Posco, Steel & Pipe Supply, JN Linrose Mfg., ArcelorMittal Dofasco, LISSMAC Corporation and Cooper Consolidated […]
Steel Market Update is taking registrations for our first Steel 201: Introduction to Advanced High Strength & Other New Steels Workshop, which will be held at AK Steel’s new Research and Innovation Center on Sept. 11-12, 2018, in Middletown, Ohio. This will be a special experience for those wanting to learn more about how steels […]
Flat rolled steel prices were stable to moderately lower this week. Benchmark hot rolled coil was unchanged and, along with plate, is the strongest of the products followed by Steel Market Update. Cold rolled and galvanized index averages were lower compared to one week ago, while Galvalume was unchanged. September orders for plate delivered to […]
Steel Market Update ferrous scrap sources have advised us there was quick buying of July scrap early this past week. We understand that a Midwest-based EAF mill was buying early, taking prime grades such as busheling up $10 per ton while obsolete grades (HMS, shred) were bought at sideways pricing to June. Busheling, which along […]
The 8th SMU Steel Summit Conference is scheduled to begin on August 27th at the Georgia International Convention Center in Atlanta,, Georgia. Registrations are already close to 700 on our way to 750-800 attendees at this year’s event. You can find out more about the conference schedule, companies attending, costs and how to register on […]
Construction employment increased by 13,000 jobs in June and by 282,000 jobs over the past year, reaching a 10-year high, according to an analysis of new government data by the Associated General Contractors of America. “The construction industry continues to add workers faster than the economy as a whole, and the industry is paying premium […]
Construction spending reached a record level of $1.309 trillion in May as monthly increases in residential and public investment outweighed a decline in private nonresidential outlays, according to an analysis of new government data by the Associated General Contractors of America. Association officials warned, however, that continued labor shortages and rising materials costs threaten future […]
Tariffs on cars and trucks made in Canada and exported to the United States could have a significant effect on ferrous scrap prices, says scrap consultant John Harris of Aaristic Services, Inc. Speaking at a recent meeting of the Canadian Association of Recycling Industries, Harris said if the proposed 20 percent or 25 percent tariff […]
On Monday and part of Tuesday of this week, SMU President & CEO John Packard attended a number of meetings in New York City. The first meeting was the CRU Steel Briefing where the CRU Group provided insights and forecasts regarding steel, scrap, Section 232 and other topics of interest. SMU hosted the Bank of […]
Artificial Intelligence is no longer just the stuff of science fiction. It has real-world application and is attracting real money from investors. Noodle.ai, a leading provider of enterprise AI applications, announced that it has raised more than $50 million to expand the company’s suite of applications. AI is one of the many topics to be […]
Construction employment increased in 263 (73 percent) out of 358 metro areas between May 2017 and May 2018, declined in 47 (13 percent) and was unchanged in 48, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Construction employment in 63 areas was at a record […]
Attendance at Steel Market Update’s Steel Summit Conference, Aug. 27-29 in Atlanta, will set a record this year. With two months to go, registrations already equal last year’s total of 650. But it’s not just a matter of how many individuals will attend, but how many different types of individuals will attend, that promises to […]
Steel Market Update is working with AK Steel as we present our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. This workshop is meant to be a continuing education course focused on how steel is made with a special focus on advanced high-strength steels for automotive and other “lightweighting” applications. […]