Have you considered nominating that young up-and-comer in your organization for Steel Market Update’s NexGen Leadership Award? Deadline for nominations is Aug. 1. This is the first year for the award, which is designed to recognize truly exceptional emerging leaders, age 35 and under, for their extraordinary achievements. The honor is open to individuals employed in […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: On Friday evening, President Trump announced that he was suspending “indefinitely” the tariffs on goods imported from Mexico to the United States. The outlines of the deal that had this result have been announced, but there are no […]
Here we discuss the agenda, speakers and what we were thinking as we put together Day 2 of the SMU Steel Summit Conference, which is Tuesday, August 27, 2019. 7:00 AM to 8:00 AM – Doors Open at the Georgia International Convention Center Coffee, drinks and pastries will be available. Exhibition areas will be manned. […]
2019 SMU Steel Summit Conference – A Sneak Peek – Day 2 Written by: John Packard, President & CEO, Steel Market Update RE: 2019 SMU Steel Summit Conference, August 26-28, 2019 – Location: Georgia International Convention Center, Atlanta, GA On Thursday of this past week, I laid out the thought process involved with putting together […]
Results for First Four Months of 2019 Combined Show Ongoing Strength Aside from Single-Family Market; Association Officials Urge End to Tariffs That Pose Threat to Construction Costs and Demand AGC, June 7, 2019 — Construction spending was unchanged from March to April, with mixed results by project type for the month and for the year […]
The Georgia International Convention Center (www.gicc.com) as well as the three Gateway Hotels (Marriott, Renaissance and SpringHill Suites) are all conveniently located at the first stop of the free SkyTrain out of the Atlanta International Airport (ATL). The second stop on the SkyTrain is for car rentals. Our overflow hotel – the Atlanta Airport Marriott […]
2019 SMU Steel Summit Conference – A Sneak Peek – Day 1 Written by: John Packard, President & CEO, Steel Market Update RE: 2019 SMU Steel Summit Conference, August 26-28, 2019 – Location: Georgia International Convention Center, Atlanta, GA The Georgia International Convention Center (www.gicc.com) as well as the three Gateway Hotels (Marriott, Renaissance and […]
Industry sentiment has continued to erode this month as the attitudes of steel executives appear to be suffering from the relentless uncertainty over steel pricing, demand and Trump administration trade policies. The goal of the index is to measure how buyers and sellers of steel feel about their company’s ability to be successful today (Current […]
It’s nearly unanimous that steel prices are in play. More than nine out of 10 flat rolled steel buyers responding to SMU’s market trends questionnaire this week reported that the mills are willing to negotiate price in order to secure the order. The vast majority even reported the mills willing to talk price on plate. […]
Lead times for spot orders of all types of steel products continued to shorten in the past two weeks with demand falling below the pace of steel production. The average lead time for hot rolled is now below three and a half weeks, cold rolled is nearing five weeks, galvanized is less than six weeks […]
As one perk of the award, the winner of the SMU NexGen Leadership Award will have a once in a lifetime opportunity to spend the day with one of the most interesting and accomplished CEOs in the steel industry, Mark Millett, Co-Founder, President and CEO of Steel Dynamics Inc. Mark D. Millett is President and […]
As one perk of the award, the winner of the SMU NexGen Leadership Award will have a once in a lifetime opportunity to spend the day with one of the most interesting and accomplished CEOs in the steel industry, Mark Millett, Co-Founder, President and CEO of Steel Dynamics Inc. Mark D. Millett is President and […]
Nucor Tubular Products announced on Monday a $27.2 million expansion for its Trinity, Ala., division that will include new production, finishing, processing and packaging equipment, and hiring of additional workforce to support the new operations. The expansion will allow Nucor Tubular Products to produce 1″ through 8″ A135/795 sprinkler pipe Schedule 10 and Schedule 40; […]
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 […]
Lodging is filling up fast for Steel Market Update’s Steel Summit, scheduled for Aug. 26-28 in Atlanta. We are working to extend our room blocks at the nearby event hotels, but in some cases full racks rates of nearly $400 per night may apply. Event hotels include the Atlanta Airport Marriott Gateway, SpringHill Suites Gateway, […]
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 […]
U.S. steelmakers have announced plans to reinvest their recent windfall profits in various mill upgrades and expansions, which in total could add 20 million tons of capacity to the market. How will all that new steelmaking capacity impact steel supplies and prices in the next five years? The experts disagree. Some believe it’s inevitable that […]
U.S. steelmakers have announced plans to reinvest their recent windfall profits in various mill upgrades and expansions, which in total could add 20 million tons of capacity to the market. How will all that new steelmaking capacity impact steel supplies and prices in the next five years? The experts disagree. Some believe it’s inevitable that […]
Steel Market Update is pleased to announce the new SMU NexGen Leadership Award in partnership with 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, SMU is […]
Nucor Corp. and AK Steel were each recognized as a Supplier of the Year for Non-Fabricated Steel at General Motors’ 27th annual awards ceremony in Detroit on May 15. Recipients are chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, […]
Rail transport is a critical link in getting steel to market. With domestic mills cranking out steel at more than 80 percent of their capacity, are the railroads struggling to keep up? “People assume our business should be booming, but it’s not as straightforward as one would think,” said JR (Jim) Schaaf, Group Vice President […]
On Friday, May 17, President Trump concurred with findings by the Commerce Department that imports of automotive vehicles and parts threatened to impair national security. As a result, the President directed the U.S. Trade Representative to pursue negotiation of agreements with the EU and Japan, and any other country the Trade Representative deems appropriate, to […]
The Washington Post reports that the U.S. has agreed to lift steel and aluminum tariffs on Mexico and Canada in 48 hours in return for tougher measures to prevent Chinese steel from entering the U.S. via Canada or Mexico. According to sources, the agreement does not include previously discussed quotas for the two North American […]
Registrations continue for the 2019 SMU Steel Summit Conference, with nearly 500 individuals representing 213 companies registered. Here is a listing of the companies registered as of Thursday afternoon. Note that those companies with an * after their name means more than one person is attending. If your company is missing, or if you have […]
Steel Market Update is pleased to announce the new SMU NexGen Leadership Award in partnership with 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, SMU is […]
Steel Market Update is pleased to announce the new SMU NexGen Leadership Award in partnership with 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, SMU is […]
By Paul Lowrey Editor’s note: Paul Lowrey is an industry consultant and president of Steel Research Associates, LLC. He will be a featured speaker at the upcoming Steel Market Update Steel Summit Aug. 26-28 in Atlanta. Click here for more information and to register for the summit. Recent announcements of new flat rolled capacity have […]
By Paul Lowrey Editor’s note: Paul Lowrey is an industry consultant and president of Steel Research Associates, LLC. He will be a featured speaker at the upcoming Steel Market Update Steel Summit Aug. 26-28 in Atlanta. Click here for more information and to register for the summit. Recent announcements of new flat rolled capacity have […]
Construction employment increased by 33,000 jobs in April and by 256,000 or 3.5 percent over the past 12 months, while the number of unemployed jobseekers with construction fell to a record low for April, according to an analysis of new government data by the Associated General Contractors of America. Association officials said the unavailability […]
When I was in Atlanta, the questions on the minds of the members of the Association of Specialty Cold Rolled Steel Producers were connected to trying to get a better handle on this market. The questions were less about the direction of flat rolled prices, but rather why are steel prices tumbling with Section 232 […]