Here is an early look at some of the companies that have already registered for the 2019 SMU Steel Summit Conference. Those with an asterisk (*) next to their name have already registered multiple executives for this year’s conference. We are ahead of the pace of last year, which ended up netting us 912 attendees. […]
The Soo Locks are scheduled to reopen on March 25 to begin the new shipping season on the Great Lakes. The last vessel through the locks was the Canadian bulk-carrier Manitoulin headed for Essar Steel on Jan. 15. The locks are currently closed for maintenance prior to the start of the 2019-20 season. During the […]
It takes an army to put on a steel conference the size of the SMU Steel Summit Conference. One of the ways we help temper the cost of the conference is through the assistance of our sponsors. Their sponsorship keeps our conference viable and our ticket prices reasonable. SMU wants to thank all of our […]
It takes an army to put on a steel conference the size of the SMU Steel Summit Conference. One of the ways we help temper the cost of the conference is through the assistance of our sponsors. Their sponsorship keeps our conference viable and our ticket prices reasonable. SMU wants to thank all of our […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: We are about to celebrate (or mourn, as the case might be) the first anniversary of “national security” tariffs on steel and aluminum. As we all know, in March 2018 President Trump proclaimed 25 percent tariffs on most steel […]
As a former White House press secretary, Ari Fleischer has extensive experience briefing the media and the public on the issues of the day. As a keynote speaker at Steel Market Update’s Steel Summit Aug. 28 in Atlanta, Fleischer will share “The Daily Briefing—Politics, Policy and the Economy,” giving attendees an insider’s view of current […]
The Bureau of Industry and Security, a division of the Department of Commerce, announced today that is has denied the requests from California Steel Industries and Evraz Steel for exclusion of semi-finished steel slabs from the Section 232 tariffs. The BIS agreed with an analysis by the International Trade Administration that there is sufficient production, […]
As part of our process of strengthening Steel Market Update’s services, we have made some improvements and enhancements. After reviewing our subscription models, and receiving feedback from our valued customers, we have streamlined our membership options. We believe these changes will be beneficial for our members and allow for greater access to the service. The […]
Flat rolled steel service centers are beginning to believe a change in spot pricing is necessary. New data collected by Steel Market Update saw a precipitous decline in the percentage of distributors who were lowering their spot pricing to their flat rolled steel customers compared to a couple of weeks ago. One of the proprietary […]
We are pleased to unveil the first look at the 2019 SMU Steel Summit Conference program. It has taken six months to get the agenda for this year’s conference to this point. It will be six more months of finetuning before we unleash the speakers, the videos, and the music on those who will be […]
We are pleased to unveil the first look at the 2019 SMU Steel Summit Conference program. It has taken six months to get the agenda for this year’s conference to this point. It will be six more months of finetuning before we unleash the speakers, the videos, and the music on those who will be […]
This morning, Steel Market Update adjusted our Price Momentum Indicator on flat rolled from Neutral to Higher. Our Price Momentum Indicator was last adjusted on Jan. 28, 2019, when we moved from Lower to Neutral as the domestic steel mills, led by Nucor, began announcing price increases. It is normal for SMU to adjust our […]
California Steel Industries (CSI) raised the price of its hot rolled, P&O, cold rolled and galvanized sheet products by $40 per ton ($2/cwt) today. CSI has opened its flat rolled order book for April shipments. CSI’s change follows on a similar $40 increase it announced on Jan. 21, just one month ago. All pricing is […]
ArcelorMittal announced minimum prices for its flat rolled products today in response to improved demand. “Over the past couple of weeks, we have experienced a significant increase in order entry for sheet products,” the mill said in a letter to customers. Effective immediately, the minimum price for new orders of hot rolled sheet from ArcelorMittal […]
This morning Nucor announced another $40 per ton ($2.00/cwt) “minimum” price increase on flat rolled steel products. The mill advised their customers the increase was to be “effective immediately.” This is the second price increase announcement out of Nucor in less than 30 days. On Jan. 28, 2019, Nucor announced a $40 per ton ($2.00/cwt) […]
As President and CEO of the American Iron and Steel Institute, Tom Gibson is the front man for an industry whose views are not always the most popular. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first speaking engagement at […]
As President and CEO of the American Iron and Steel Institute, Tom Gibson is the front man for an industry whose views are not always the most popular. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first speaking engagement at […]
The following op-ed in support of steel tariffs, published last week by Alabama’s AL.com, was written by Thomas Gibson, president and CEO of the American Iron and Steel Institute. Gibson will be a keynote speaker at Steel Market Update’s 2019 Steel Summit, scheduled for Aug. 26-28 in Atlanta. This will be Gibson’s first appearance at […]
U.S. Steel has formally announced it will restart construction immediately on its Fairfield electric arc furnace facility. Construction on the EAF began at U.S. Steel’s Tubular operations in Fairfield, Ala., in March 2015 and was suspended in December 2015 due to unfavorable market conditions. “We are pleased to announce the achievement of the market and […]
Flat rolled steel distributors have been slowly backing away from offering spot prices to their end customers at lower numbers than what was seen a couple of weeks ago. At the same time, these same service centers are reporting difficulties getting those same end user customers to pay higher prices, despite the price increase announcements […]
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington: Section 232 tariffs are increasingly in the news. Today, I describe two issues that are central to the prosperity (and in many cases the survival) of steel-using manufacturers. Exclusions With the end of the government shutdown, the exclusion […]
The following statement by Secretary of Commerce Wilbur Ross supporting the U.S. Reciprocal Trade Act was published by Fox News and the Commerce Department on Feb. 6, 2019: Americans live in a world where other countries impose high tariffs and non-tariff barriers to trade. U.S. exporters face enormous obstacles in foreign markets, and yet, we […]
The new year has gotten off to a positive start for members of the Heating, Air-conditioning and Refrigeration Distributors International (HARDI), who supply steel products to the HVAC market. Most are optimistic about business, at least in the coming quarter, but comments during their monthly conference call today reflected some disagreement over steel prices. “We […]
The 2019 SMU Steel Summit Conference will be the premier flat rolled and plate steel conference in North America during this calendar year. It is a fabulous networking event. It is located in an exception venue adjacent to the Atlanta International Airport. It will be held on August 26-28 right at the critical time when […]
The 2019 SMU Steel Summit Conference will be the premier flat rolled and plate steel conference in North America during this calendar year. It is a fabulous networking event. It is located in an exceptional venue adjacent to the Atlanta International Airport. It will be held on Aug. 26-28, right at the critical time when […]
Steel Market Update has confirmed that ArcelorMittal joined the other major mills in raising flat rolled steel prices this week. ArcelorMittal notified its commercial team that it is raising base prices a minimum of $40 per ton on all light flat rolled sheet products, effective immediately. The increase applies to all new and unacknowledged orders […]
U.S. Steel is the latest mill to announce a price increase. Like Nucor, U.S. Steel notified its sales organization on Monday that its base pricing for all new flat rolled spot orders would increase by a minimum of $40 per net ton, effective immediately. U.S. Steel’s last price change on flat rolled was also a […]
Following on last week’s announcement by West Coast mills, Nucor’s Sheet Mill Group today also announced a $40 per ton ($2/cwt) increase on hot rolled, cold rolled and galvanized steel products, effective immediately on new and unconfirmed orders. The price hike comes as no surprise as Nucor and other mills east of the Rockies were […]
Republic Steel plans to begin operations at its Lorain, Ohio, 9”-10” rolling mill during the second quarter. The special bar quality steel mill has been idled since 2016. “Over 60 employees have been hired and completed training, and the mill has undergone a complete refurbishment,” the company said in a press release. “We have successfully […]
On Monday, California Steel Industries (CSI) and USS/POSCO (UPI) advised customers of their intention to take spot prices on flat rolled products produced by the two mills up by $40 per ton ($2.00/cwt). This is the first price announcement out of either mill since October 2018. So far, there have not been any announcements out […]