AK Steel announced the election Mark G. Essig and Vicente Wright to its Board of Directors effective Nov. 1, 2013. Mark Essig is currently CEO of FKI Security group and has held several senior executive positions in the steel industry including executive vice president at AK Steel from 1991 to 1998. Vicente Wright served as […]
WASHINGTON, D.C., September 11, 2013 – Four key trade associations representing the steel stud industry have joined together to promote the use of cold-formed steel framing in construction. Representatives from the Steel Stud Manufacturers Association (SSMA); the Steel Framing Industry Association (SFIA); the Certified Steel Stud Association (CSSA); and the Steel Market Development Institute (SMDI), […]
Apparent steel supply is defined as domestic mill shipments to domestic locations plus imports. Sources are the American Iron and Steel Institute and the Department of Commerce. The three month moving average (3MMA) of the total tonnage of flat rolled steel sheet and strip supply was 4,305,106 tons per month in the period May through […]
A Game Changer for the Domestic Steel Industry? The OCTG trade injury cases filed against nine countries will go forward said the US International Trade Commission on Friday. The ITC found there is “reasonable indication that a U.S. industry is materially injured by imports of certain oil country tubular goods.” The preliminary countervailing duty determinations […]
House Subcommittee Presentations The American Iron and Steel Institute made its presence known last week on Capitol Hill. Top steel executives encouraged members of the House Energy and Commerce subcommittee on Commerce, Manufacturing and Trade to remedy government policies on tax, energy, infrastructure, environment and trade to strengthen American jobs in steel and other manufacturing […]
Written by: John Packard & Sandy Williams Steel Market Update is adding more strength to our newsletter and website team. Peter Wright will be joining SMU in a writing/analysis capacity with special emphasis on the development of steel and economic indicators which will be of value in forecasting future steel needs in both the flat […]
Written by: Sandy Williams The American Iron and Steel Institute commended Ambassador Ron Kirk for his cooperation with the steel industry during his four years of tenure in the Administration. AISI President and CEO Tom Gibson issued the following statement. “Ambassador Kirk is a dedicated public servant who helped lead U.S. trade policy at a […]
Written by: Sandy Williams Natural gas is providing cost savings for steel plants while at the same time creating more demand for steel products used in pipelines, drilling equipment and rigs. It is a win-win situation for the steel and the natural gas industries One of the ways natural gas is utilized by the steel […]
Based on the raw steel capability adjustment which was made by the American Iron and Steel Institute (AISI) as of the beginning of this year, SMU is adjusting the way we will present our visual data to our readers. We will begin to compare weekly production against the “revised” weekly production number from the comparable […]
The American Iron and Steel Institute (AISI) adjusted their first quarter production rate for the domestic steel industry. In a note attached to their press release they advised: “Note: Capability for the First Quarter 2013 is approximately 30.8 million tons versus 32.3 million tons for the same period last year and 32.7 million tons for […]