Trucking industry revenues hit $676.2 billion in 2016, nearly 80 percent of the nation’s total freight bill, reports the American Trucking Associations in the trade group’s just released “ATA American Trucking Trends 2017” report. Among the findings in this year’s edition: · Trucks moved 10.42 billion tons of freight last year, 70.6 percent of all […]
Cliffs Natural Resources, in celebration of 170 years in business, has returned to its historical name Cleveland-Cliffs Inc. “The historical name Cleveland-Cliffs is synonymous with our strong heritage and is the perfect one for our next era of growth,” said Chairman, President and CEO Lourenco Goncalves. “As we did more than 60 years ago, when […]
Nucor’s Plate Group announced a $30 price increase today due to escalating raw material and input costs. Nucor will increase transaction prices on all new orders for carbon, alloy and heat-treated plate by $30 per ton, effective immediately, the steelmaker said.
The following steel mills are registered to attend this year’s SMU Steel Summit Conference at the end of this month: ArcelorMittal Mexico, ArcelorMittal Dofasco, ArcelorMittal/Nippon Sumitomo Calvert, Ternium USA, Ternium Mexico, NLMK USA, Nucor, Nucor Mexico, Nucor Canada, Kandil Steel (Egypt), California Steel Industries, AK Steel, CSN USA, North Star BlueScope, Steel Dynamics Inc., The […]
By: Jack Bellissimo of Hubbell, Inc. The information technology culture is growing rapidly all around us and everyday new innovations are being developed. What is it about the IT or computer science job field that is so exciting? When was the last time we took a step back and analyzed what the allure is? What […]
By: Jack Bellissimo of Hubbell, Inc. The information technology culture is growing rapidly all around us and everyday new innovations are being developed. What is it about the IT or computer science job field that is so exciting? When was the last time we took a step back and analyzed what the allure is? What […]
Like in the United States, steelmakers in the European Union are using their trade laws to fight back against steel imports that are unfairly subsidized by the governments in China and other countries. On Aug. 9, the European Union imposed provisional import duties of up to 28.5 percent on certain Chinese corrosion-resistant steels. The eight-month […]
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 […]
Nucor Corporation announced today that it will acquire St. Louis Cold Drawn, Inc., a manufacturer of cold finished steel bar. The company’s cold drawn rounds, hexagons, squares, and special sections serve the U.S. and Mexican automotive and industrial markets and will add to Nucor’s value-added product portfolio. “This acquisition fits with our planned growth strategy […]
Houston-based Triple-S Steel Holdings has completed its acquisition of Arbor Metals, a Dallas service center specializing in slitting of narrow carbon, stainless and nickel alloy materials. The company, which will operate as part of the Triple-S specialty metals group, employs about 40 people under the leadership of Jack Matheson. “We are excited to welcome a […]
CENTRIA, an industry leader in architectural metal wall and roof systems, announced the promotion of Jeff Peskowitz to Manager of Product Management. Peskowitz, who joined CENTRIA in 2015, will be responsible for all product management activities and cross-functional collaboration with sales, operations, brand marketing, engineering and research and development. In addition, Kimberly Rager, is joining […]
Shortly after the 2016 edition of the SMU Steel Summit Conference was concluded, we began planning for the 2017 conference. One of the first things you do when planning a large steel conference is put together a budget. Our budget called for us to register a minimum of 400 manufacturing and steel executives. In 2016, […]
Steel Market Update (SMU) regularly receives questions from those who have already registered to attend our SMU Steel Summit Conference, as well as those who are contemplating attending (there is still time and space). In order to help both groups, here are some of the Frequently Asked Questions about our conference: General Conference Questions Q: […]
Steel Market Update (SMU) regularly receives questions from those who have already registered to attend our SMU Steel Summit Conference, as well as those who are contemplating attending (there is still time and space). In order to help both groups, here are some of the Frequently Asked Questions about our conference: General Conference Questions Q: […]
A quick update to the steel community regarding our upcoming SMU Steel Summit Conference as well as our Fort Wayne, Indiana Steel 101: Introduction to Steel Making & Market Fundamentals workshop. We currently have 584 people registered to attend the 2017 SMU Steel Summit Conference which will be held in Atlanta, Georgia at the end […]
Construction employment increased by 6,000 jobs in July to the highest level since October 2008, amid a tight labor market that may be keeping contractors from hiring as many workers as they need, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged local, state and federal […]
USS-POSCO Industries (UPI) has promoted MD. Amin to Vice-President of UPI’s Commercial Group. Amin will lead the company’s sales and marketing activities. “MD. is an exceptional sales leader with a long track record of success, and he is respected by colleagues and customers alike,” said Michael Piekut, UPI’s President. “I cannot think of a better […]
In this report, updated July 28, we examine the latest prices for iron ore, scrap, coking coal and zinc. To put the raw materials analysis into perspective, we begin with Figure 1, which shows the spread between Chicago #1 busheling and hot rolled coil ex works Indiana through July 21, both in $/net ton. On […]
Construction employment made the biggest gains in metro areas in June with particular strength in the western U.S., according to an analysis of data by the Associated General Contractors of America. The largest losses were in the middle or eastern parts of the country, noted AGC Chief Economist Ken Simonson. AGC officials noted that inconsistent […]
Ferrous scrap prices are poised to rise in the NAFTA region for several reasons, says John Harris, CEO of Aaristic Services, Inc., and former director of Raw Materials for ArcelorMittal. Harris is part of a panel that will take a deep dive on commodities during the Steel Market Update Steel Summit Conference Aug. 28-30 in […]
U.S. Steel anticipates no delays in customer shipments following an explosion at its Great Lakes Works hot strip mill Monday night, which sent five employees to the hospital. Three of the injured were released, while two were admitted for further treatment. One employee was treated and released at the plant’s on-site medical facility. The incident […]
Bringing a different perspective to SMU’s Steel Summit Conference later this month will be Lisa Reisman, who will touch on the related topics of copper, zinc and aluminum. Reisman, co-founder and executive editor of MetalMiner, will make her third appearance as a speaker at SMU’s conference at 10:35 a.m. on Tuesday, Aug. 29, as part […]
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […]
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […]
Construction spending is suffering from a decrease in public investment said Ken Simonson, chief economist at the Associated General Contractors of America. “Construction spending is still increasing overall but growth has become much more uneven across categories in recent months,” said Simonson. “There has been a steep decline in public investment in nearly all types […]
After a strong start to 2017, global steel prices have trended downward due to weaker demand and falling raw materials pricing. In the U.S., the impending Section 232 investigation has left the market in a state of uncertainty. All the more reason steel buyers should have a strategy for mitigating risk, says Ryan Huff, Associate […]
On Monday, August 28, the steel event of the year will kick off in Atlanta. With less than four weeks to go and 575 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the Steel Market Update Steel […]
On Monday, Aug. 28, the steel event of the year will kick off in Atlanta. With four weeks to go and 560 steel and manufacturing executives already registered, expectations are for this conference to truly be the most dynamic steel conference in North America for 2017. Welcome to the 7th Steel Market Update (SMU) Steel […]
“Business negotiation is similar to poker. Just because I may be bluffing doesn’t mean I am morally defective. Bluffing is a universally recognized part of the game,” responded one reader to Steel Market Update’s new “Ethics and Your Business” column. Is the steel business like a poker game? Some would say that bluffing is basically […]
“Business negotiation is similar to poker. Just because I may be bluffing doesn’t mean I am morally defective. Bluffing is a universally recognized part of the game,” responded one reader to Steel Market Update’s new “Ethics and Your Business” column. Is the steel business like a poker game? Some would say that bluffing is basically […]