Nucor’s Sheet Mill Group informed customers today that it is increasing base prices on new orders of flat rolled steel by an additional $40 per ton ($2/cwt), effective immediately. The announcement marks the third $40 increase by the market-leading steelmaker in the past month. The $40 price hike applies to all unconfirmed orders of hot […]
ArcelorMittal USA is the latest mill to increase flat rolled steel prices, announcing new minimum base prices in a letter to customers on Monday. Effective immediately, the company set its minimum price for hot rolled sheet at $630 per short ton, and cold rolled and coated products at $800 per short ton. If the mill […]
I had a long conference call this morning with the events team in London regarding the ongoing arrangements being made for the 2019 SMU Steel Summit Conference. I think those attending this year’s event will be very pleased with the cosmetic changes, more exposure for sponsors and exhibitors, networking opportunities and the availability to information […]
Steel Market Update has been analyzing service center inventories for two years now. With our acquisition by the CRU Group, we expanded the breadth and depth of our coverage. Our new Service Center Inventories Index will be rolled out to the public at the 2019 SMU Steel Summit Conference in Atlanta at the end of […]
By Fouad Egbaria, MetalMiner Editor’s note: The following article, Chatting with CRU’s Josh Spoores Ahead of the 2019 SMU Steel Summit, originally appeared in MetalMiner’s July 18 edition. Those in the steel sector will have a chance to learn about all of the trends impacting the steel industry during the upcoming SMU Steel Summit, scheduled […]
The 2019 SMU Steel Summit Conference Events App is now available for all registered attendees, sponsors and exhibitors to download and use. With the app, everything is at your fingertips: a detailed conference agenda, speaker information, a complete list of the attendees, sponsors, exhibitors, in-conference polling, and more. You can take notes as you go, […]
Steel Market Update, in partnership with the Steel Manufacturers Association, is now accepting nominations for the new SMU NexGen Leadership Award. The award is designed to recognize and celebrate the excellence of emerging leaders within the greater steel community. As an industry publication and supplier of market intelligence, and host of the premier steel conference in North […]
Nine business days left for you to nominate a young person from your company for the 2019 SMU NexGen Leadership Award. The deadline is by the end of business on August 1, 2019. The benefits of receiving this award are huge for the person who ultimately wins. A mentorship day with SDI CEO Mark Millett, […]
On Oct. 8-9, 2019, Steel Market Update will conduct our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Cincinnati, Ohio. This workshop will include a tour of the Nucor Steel Gallatin Mill. Attendees get to work with our experienced instructors and to interact with others coming from different market sectors and […]
California Steel Industries is the latest mill to raise flat rolled steel prices. In a letter to customers on Wednesday, the Fontana, Calif.-based steelmaker said transaction prices for hot rolled, P&O, cold rolled and galvanized steels would increase by $40 per ton ($2/cwt) effective immediately. CSI’s move follows on similar announcements this week from Nucor, […]
As widely expected, U.S. Steel and NLMK USA notified customers Wednesday that they have increased flat rolled steel prices by $40 per ton, following on similar announcements by Nucor and ArcelorMittal the day before. All total, U.S. steelmakers have raised prices for hot rolled, cold rolled and galvanized steels by $80 per ton in the […]
SMU NexGen Leadership Award – Nomination Deadline Aug. 1, 2019 – Award to be Given at SMU Steel Summit Conference The first SMU NexGen Leadership Award – sponsored by the Steel Manufacturers Association – will be awarded at the 2019 SMU Steel Summit Conference We are looking for qualified people in the industry (manufacturing, service […]
The 2019 SMU Steel Summit Conference will be held at the Georgia International Convention Center (www.GICC.com) on Aug. 26-28, 2019. Here are some important items you need to know before booking, after booking and before you get to the conference. SMU Steel Summit Conference – Status of Hotel Room Blocks Atlanta Airport Marriott Gateway (host […]
The 2019 SMU Steel Summit Conference will be held at the Georgia International Convention Center (www.GICC.com) on Aug. 26-28, 2019. Here are some important items you need to know before booking, after booking and before you get to the conference. SMU Steel Summit Conference – Status of Hotel Room Blocks Atlanta Airport Marriott Gateway (host […]
SMU Steel 101: Introduction to Steel Making & Market Fundamentals Workshop – Oct. 8-9, 2019 – Cincinnati, Ohio You can learn more about the program, costs and how to register on our website: www.SteelMarketUpdate.com/Events/Steel101 Hotel is The Westin Cincinnati, 21 East 5th St., Cincinnati, OH 45202 Hotel reservation phone number is 513-621-7700 (note, you may […]
SMU Steel 101: Introduction to Steel Making & Market Fundamentals Workshop – Oct. 8-9, 2019 – Cincinnati, Ohio You can learn more about the program, costs and how to register on our website: www.SteelMarketUpdate.com/Events/Steel101 Hotel is The Westin Cincinnati, 21 East 5th St., Cincinnati, OH 45202 Hotel reservation phone number is 513-621-7700 (note, you may […]
Over 800 executives are registered with just seven weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our […]
Over 800 executives are registered with just seven weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our […]
On Oct. 8-9, 2019, Steel Market Update will conduct our next Steel 101: Introduction to Steel Making & Market Fundamentals workshop in Cincinnati, Ohio. This workshop will include a tour of the Nucor Steel Gallatin Mill. Why do companies send employees to our Steel 101 workshops? Because they receive a broader understanding of: How steel […]
We are passing through 750 executives registered for the 2019 SMU Steel Summit Conference, which will be held in Atlanta on Aug. 26-28. We continue to be on track to exceed the 912 executives we reached during last year’s conference. Our conference has become the premier steel conference in North America for many reasons: Networking: […]
U.S. Steel and ArcelorMittal USA are the latest steelmakers to announce a price increase. U.S. Steel informed customers today, June 26, that it has raised the base price for all new flat-rolled spot orders by $40 per ton ($2/cwt), effective immediately. Likewise, ArcelorMittal USA added $40 to the base price for its hot rolled, cold […]
As a supporter of youth in the steel industry, we would welcome your nominations for the SMU NexGen Leadership Award – sponsored by the Steel Manufacturers Association (SMA). This is a great opportunity to shine the light on the hard work of the talented individuals (age 35 and younger) in your organization and celebrate it with the greater […]
Have steel prices finally hit bottom? Nucor is counting on it. The industry-leading steelmaker announced a $40 per ton price increase on it’s flat rolled products earlier today. Other mills are expected to follow suit. Effectively immediately, the Nucor Sheet Mill Group increased base prices on new orders of hot rolled, cold rolled and galvanized […]
Nucor’s Sheet Mill Group announced a second price increase on flat rolled steel today. Effective immediately on new orders, prices for Nucor’s hot rolled, cold rolled and galvanized steel products are increased by $40 per ton ($2/cwt). The notice to Nucor’s customers comes just two weeks after the steelmaker announced the first increase, also of […]
U.S. Steel Corp. has named a new Chief Information Officer. Steven D. Bugajski, who currently holds the interim position, will advance to permanent CIO as of July 1, 2019. Bugajski joined U.S. Steel in 2008 holding several roles in the company’s Information Technology organization, including leading the global teams for Infrastructure, Business Processes, Project Management […]
More than 700 executives are registered with slightly more than two months to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center (www.gicc.com) will be the […]
More than 700 executives are registered with slightly more than two months to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta, Ga., on Aug. 26-28. Once again, the Georgia International Convention Center (www.gicc.com) will be the […]
Please feel free to forward this issue of Steel Market Update to your customers, suppliers or executives within your company. The 2019 SMU Steel Summit Conference will be held at the Georgia International Convention Center. The dates for the conference are: Aug. 26-28, 2019. The convention center and the Gateway Hotels (Marriott Gateway, Renaissance and […]
In just nine weeks the SMU Steel Summit 2019 will begin in Atlanta, Ga. While you are in town, take some time to sample some of the superb cuisine Atlanta has to offer. A Steel Market Update favorite is South City Kitchen, located in Midtown Atlanta and one of the outstanding Fifth Group Restaurants. South […]
2019 SMU NexGen Leadership Award – Frequently Asked Questions Question: What is the purpose of the award? Answer: To recognize the contributions being made by younger people in various roles in manufacturing, fabrication, steel distribution, steel mills, trading companies – essentially any company that handles mild carbon (coil, sheet or plate) or automotive steels. Steel […]