I know I speak on this subject a great deal because it is a challenge and an opportunity for the steel industry, and I love challenges. I am counting on you recognizing the opportunities…. When it comes to the SMU Steel Summit Conference there are two keys to our success: 1) quality content and 2) […]
Industry analyst Donald Bly, managing director of Applied Value, will offer his perspective on the steel market at 11 a.m. today (Wednesday) during the next SMU Community Chat. As with every Community Chat webinar, this event is free to the public. Click here to register. SMU President and Publisher John Packard will host the discussion with […]
I need everyone to shake off your webinar fog…. The 2020 SMU Virtual Steel Summit Conference will not be a series of mind-numbing webinars. It is time to give you a peek at a mock-up of the lobby for the 2020 SMU Virtual Steel Conference. When you click on your registration link for our virtual […]
The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at SteelMarketUpdate.com, visit the Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” The historical survey results presentations also are available in the Survey Results section for “Survey Results History.” If you […]
On Wednesday, June 17, we will host our next SMU Community Chat webinar with our guest speaker Donald Bly, managing director of Applied Value. As with every SMU Community Chat webinar, this is free to the public. Feel free to invite others from your company as well as your suppliers and customers. Click here to […]
Steel Market Update continues to accept nominations for the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association. 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 […]
The biggest misconception of the upcoming SMU Virtual Steel Summit Conference is it will be nothing more than a series of boring webinars. No one can imagine sitting in front of their computer screen for three straight days watching endless talking heads (blah, blah, blah). Relax. We have no desire to provide anything but an […]
On Wednesday, June 10, we will host our next SMU Community Chat webinar with our guest speaker James Banker, Jr., Executive Vice President of NLMK USA. As with every SMU Community Chat webinar, this is free to the public. Feel free to invite others from your company as well as your suppliers and customers. Click […]
SMU Contributor David Feldstein is president of Rock Trading Advisors (davidfeldstein@rocktradingadvisors.com, twitter @TheFeldstein). In addition to market analysis, RTA provides price risk management not only for ferrous products, but also base metals, energy and interest rates. RTA also trains sales staff and creates the infrastructure necessary for firms to offer their customers fixed pricing on […]
Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space for eight years. David earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. Since […]
James Banker, Executive Vice President of NLMK USA, will be the featured speaker at 11 a.m. ET on Wednesday, June 10, for our next SMU Community Chat webinar. Mr. Banker will share his views on the current state of steel production during the coronavirus pandemic, as well as various trade issues. The 45-minute webinar is […]
We are pleased to announce the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association. 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 America, […]
The 2020 SMU Steel Summit Conference will be a virtual conference this year due to the COVID-19 pandemic. We encourage companies to learn more about how we intend to present valuable information on a wide range of topics of imporance to the greater steel community. We will discuss and forecast steel prices, the economy and […]
The 2020 SMU Steel Summit Conference will be a virtual conference this year due to the COVID-19 pandemic. It is disappointing that we are not able to do a live conference, but we think we are going to provide a solid alternative that will feed your need to interact with multiple companies who buy and sell […]
The 2020 SMU Steel Summit Conference will be a virtual conference this year due to the COVID-19 pandemic. It is disappointing that we are not able to do a live conference, but we think we are going to provide a solid alternative that will feed your need to interact with multiple companies who buy and sell […]
The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at SteelMarketUpdate.com, visit the Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” The historical survey results presentations also are available in the Survey Results section for “Survey Results History.” If you […]
Trade attorney Lewis Leibowitz will be the featured speaker at 11 a.m. ET on Wednesday, June 3, for the next SMU Community Chat webinar. The 45-minute webinar is free and open to all interested in the topic of free and fair trade. A regular contributor to Steel Market Update, Leibowitz is an expert on government […]
As the world faces the unprecedented challenge of COVID-19, and travel restrictions and other factors continue to limit the movement of people, we are pleased to announce that the SMU Steel Summit Conference will go ahead this year – as a virtual conference This is to ensure the health and well being of all participants, […]
While it seems counterintuitive given the difficult market conditions and weak demand due to the coronavirus, domestic steelmakers have raised flat rolled prices for the second time this month. U.S. Steel, USS-POSCO Industries (UPI) and NLMK USA informed customers today that prices for spot orders of hot rolled, cold rolled and coated products have increased […]
We are pleased to announce the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association. 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 America, […]
Our Wednesday SMU Community Chat Webinars have been a tremendous success. Each webinar is unique as we try to vary the subject matter and speakers. For those who have been tuning in to these free sessions at 11 AM ET, you already know that our speakers don’t always agree with one another as to what […]
We are in the middle of a black swan event—an event that is expected but unexpected, said Chris Kuehl, managing director of Armada Corporate Intelligence during Wednesday’s SMU Community Chat Webinar. “Viral threats are not new and have been frequent in the past few decades, but we don’t know from year to year how they […]
SMU Contributor David Feldstein is president of Rock Trading Advisors (davidfeldstein@rocktradingadvisors.com, twitter @TheFeldstein). In addition to market analysis, RTA provides price risk management not only for ferrous products, but also base metals, energy and interest rates. RTA also trains sales staff and creates the infrastructure necessary for firms to offer their customers fixed pricing on […]
John Anton is apologetic that his forecast for the steel market is so gloomy, “but realism outweighs the optimism,” he tells Steel Market Update. The Associate Director of Pricing and Purchasing at IHS Markit, Anton will be the guest speaker during the next SMU Community Chat webinar, beginning at 11 a.m. ET on Wednesday, May […]
We had an exceptional SMU Community Chat Webinar with Dr. Chris Kuehl of Armada Corporate Intelligence on Wednesday morning. I am getting nothing but rave reviews of our free webinars, and I encourage you to inform your management and other teammates to register and then tune in at 11 AM ET every Wednesday. Next week […]
If there is one thing you can count on with the steel industry, it’s for rumors to begin flying as soon as the mills appear to have seized pricing momentum. The domestic steel mills, led by ArcelorMittal USA, began announcing price increases the week ending May 1. The announcements ranged from $50 to $60 per […]
On Wednesday, May 13, at 11 a.m. ET we will conduct another in our series of free SMU Community Chat Webinars. Dr. Chris Kuehl, Managing Director of Armada Corporate Intelligence, will join Steel Market Update CEO John Packard as we discuss what a post-COVID-19 world may look like. Kuehl is known for being both an […]
By CRU Senior Analyst Ryan McKinley, from CRU’s Long Products Monitor U.S. domestic long product prices were forced lower across the board as demand weakness caused by the Covid-19 pandemic combined with a substantial m/m decline in scrap prices. Construction activity in many states was either curtailed or prohibited entirely as local governments took measures […]
The prices we reference this evening reflect orders being placed this week, as well as the prices being quoted by the mills to their customers. It is important that our readers understand there was a flurry of activity last week at numbers at, or below, the low end of our range. We discussed with one […]
Buyers of flat rolled and plate steels provided insights into the market to Steel Market Update throughout the day. On the flat rolled side, steel buyers seemed to be resigned to paying higher prices. Flat rolled price quotes are firming at the domestic mills, and the mills may well achieve their desired minimums of $500-$520 […]