Olympic Steel announced the promotion of Terry Rohde to Director of Operations. Rhode began his career at Olympic Steel in 2008 and was promoted to General Manager of the Chicago division in 2008. In his new role he will responsible for all of Olympic Steel’s facilities and equipment. Olympic also announced the promotion of Scott […]
SMU Steel Summit Attendees, Thank you again for registering for the 7th SMU Steel Summit Conference, which is now less than a week away. Here are some suggestions so that you may maximize your conference experience: Download and review the Steel Market Update Events App. We are already using the App and it will be […]
For the first time since Steel Market Update began hosting the SMU Steel Summit Conferences, we have officially sold out the August 28-30, 2017 Conference. This year’s conference, which is our 7th, will be the best attended as we host more than 600 manufacturing, steel service centers, steel mills, trading companies and toll processors, as […]
Zinc prices hit a 10-year high this past week, climbing to $3,000 per metric ton ($1.36 per pound) on the London Metal Exchange on Wednesday. By Monday, zinc had risen to $1.41 per pound. Strong global demand and shrinking inventory boosted prices, as well as a shortage of Chinese zinc. The primary use of zinc […]
Thirty-six states and the District of Columbia added construction jobs in the year between July 2016 and July 2017, yet only half the states added construction jobs in the month between June and July of this year amid declining public-sector investments in infrastructure and other construction projects, reports the Associated General Contractors of America in […]
For the first time since Steel Market Update began hosting the SMU Steel Summit Conferences, we have officially sold out the August 28-30, 2017 Conference. This year’s conference, which is our 7th, will be the best attended as we host more than 600 manufacturing, steel service centers, steel mills, trading companies and toll processors as […]
The response to this year’s SMU Steel Summit Conference has been overwhelming. So much so that we will close registrations as of the end of business on Friday, Aug. 18. As of Thursday afternoon, we had less than 5 seats remaining to be sold before we reached a standing room only situation. The conference will […]
The response to this year’s SMU Steel Summit Conference has been overwhelming. So much so that we will close registrations as of the end of business on Friday, Aug. 18. As of Thursday morning, we had less than 10 seats remaining to be sold before we reached a standing room only situation. The conference will […]
The “woodie” automobile, popular in the 1940s and ’50s, may be on its way back, but in a seriously different mode. Japanese researchers are developing the latest challenge to automotive steel, a super-strength, lightweight product that uses wood as a raw material. Cellulose nanofiber, made from wood pulp, is mixed into plastics forming a product […]
Steel Market Update (SMU) Steel Summit Conference registrations have been much stronger than ever anticipated, and we are reaching a threshold where we cannot physically put more people into the conference meeting area. We are still taking registrations, but we are literally within 20 people of this steel conference being totally sold out. Based on […]
The Nucor Sheet Mill Group, which handles flat rolled products, announced a minimum of $30 per ton ($1.50/cwt) price increase on hot rolled, cold rolled and galvanized steel products. The increases are to go in effect immediately, according to the letter emailed to the Nucor customer base this afternoon.
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 […]