Tag: Gerdau

Declining demand and a challenging economic environment impacted Gerdau’s shipments in North America during the third quarter.

ArcelorMittal said it expects to produce less steel than previously forecast in Brazil. Gerdau has hinted at potential layoffs as imports surge. The Brazil Steel Institute is asking the government to raise import levies to 25% from the existing 9.6%. Meanwhile, Mexico has applied levies to some steel imports.

Longs producer and metal recycler Gerdau reported lower second-quarter production and shipments due to several mill outages.

We are counting down the days until SMU’s Steel Summit Conference on Monday-Wednesday, Aug. 21-23, in Atlanta. It’s only a little over two months away. Approximately 755 people have already registered. Our discounted room blocks are almost gone. Register here. The event will again be held at the Georgia International Convention Center, a massive conference center in close […]

Brazilian steelmaker Gerdau has confirmed a planned outage at its mill in Whitby, Ontario. “Gerdau confirms a planned outage in its Whitby, Ontario mill. Rolling operations will undergo routine annual maintenance, lasting two weeks. The melt shop will experience a longer outage, beginning in late April and lasting approximately six weeks,” a spokesperson for the […]

A research team at the Missouri University of Science and Technology will be using a $2 million government grant to improve the operating efficiency of electric-arc furnace (EAF) steelmaking. The Missouri S&T research team is being led by Dr. Ronald O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies and director of the Kent D. […]

Gerdau Long Steel North America aims to increase prices for most merchant, structural, miscellaneous beams, and piling product by $50 per ton ($2.50 per cwt). The move is effective with new orders as of Monday, March 13, the steelmaker said in a letter to customers the same day.  But orders confirmed as of the close […]

 By now, anyone who works in the steel industry understands how important sustainability is. Steel is the most recycled material in the world, and recycled steel is a prominent ingredient in electric-arc furnace (EAF) steelmaking. Steel Market Update’s final Spotlight of 2022 gets into sustainability with Philip Bell, president of the Steel Manufacturers Association (SMA), […]

Michael McQuade, Algoma Steel’s chief executive officer, will retire on June 1. Michael Garcia has been named to succeed him. McQuade will continue to serve on the company’s board of directors, where Garcia will also join concurrent with his appointment as CEO, the company said. “Mike McQuade has provided exemplary leadership through this transition period, […]

We are now 140 days away, and I am getting very excited about this year’s SMU Steel Summit Conference. The agenda is coming together nicely, we have several new speakers, and I continue to work on a few special projects that I think you will enjoy. The conference dates are August 22-24, and the conference will be […]

We are now 140 days away, and I am getting very excited about this year’s SMU Steel Summit Conference. The agenda is coming together nicely, we have several new speakers, and I continue to work on a few special projects that I think you will enjoy. The conference dates are August 22-24, and the conference will be […]

Philip Bell, president of the Steel Manufacturers Association, has been selected as chairman of the National Association of Manufacturers’ Council of Manufacturing Associations for 2022. Made up of 260 industry-specific manufacturing associations representing 130,000 companies worldwide, the CMA creates powerful partnerships across the industry and ensures manufacturers have the strongest possible voice, NAM said. “Steelmakers and […]

Once Produced…Can We Even Get It Shipped? Transportation issues continue to plague the flat-rolled and plate steel markets. It’s bad enough that many steel mills are running one to four weeks late against their original promise date. We are hearing once the steel is produced it can take days to weeks of waiting for a […]

Once Produced…Can We Even Get It Shipped? Transportation issues continue to plague the flat-rolled and plate steel markets. It’s bad enough that many steel mills are running one to four weeks late against their original promise date. We are hearing once the steel is produced it can take days to weeks of waiting for a […]

Steel Market Update is pleased to announce that one of the top woman steel mill executives in North America will mentor the 2021 SMU NexGen Leadership Award recipient. Barbara Smith is Chairman, President and Chief Executive Officer of Commercial Metals Company. Barbara joined CMC in June 2011 as Senior Vice President and Chief Financial Officer. […]

Steel Market Update is pleased to announce that one of the top woman steel mill executives in North America will mentor the 2021 SMU NexGen Leadership Award recipient. Barbara Smith is Chairman, President and Chief Executive Officer of Commercial Metals Company. Barbara joined CMC in June 2011 as Senior Vice President and Chief Financial Officer. […]

Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell.   Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]

Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell.   Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]

Steel Manufacturers Association (SMA) President Philip K. Bell will be the featured speaker for the next SMU Community Chat webinar on Wednesday, May 26, at 11 a.m. ET. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]

Steel Manufacturers Association (SMA) President Philip K. Bell will be the featured speaker for the next SMU Community Chat webinar on Wednesday, May 26, at 11 a.m. ET. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]

Long products steelmaker Gerdau has completed the installation and cold commissioning of the rolling mill upgrade at its structural steel mill in Petersburg, Va. The $33 million project–originally slated for completion by late 2020 but delayed due to the impact of COVID-19–has also begun initial hot rolling trials, a company spokesperson confirmed. The project involved […]

I anticipate next week’s spot hot rolled and other flat rolled steel prices will be higher than what we reported on Tuesday evening (HRC = $1,080 per ton average). We received information from an end user today of hot rolled purchases of $1,140 per ton for end of March/early April production. An order for HR […]

Resilient construction demand enabled Commercial Metals Company to weather the COVID-19 crisis without disruption to productivity. CMC’s fourth-quarter FY 2020 earnings totaled $67.8 million, a 6.5 percent increase from the third quarter. Consolidated net sales totaled $1.4 billion, with sequential increases in both the North America and Europe segments. Net sales for the year reached […]

Commercial Metals Co. navigated through third quarter FY 2020 pandemic challenges with almost no disruption to operations or loss of productivity, achieving net sales of $1.34 billion and earnings of $64.2 million Barbara Smith, chairman of the board, president and CEO, commented, “While the effects of the COVID-19 crisis impacted our business throughout the third […]

Gerdau has partnered with 174 Power Global to develop one of the largest behind-the-meter solar facilities in the nation. The companies have signed a 20-year power purchase agreement that will develop an 80-megawatt solar project adjacent to the Gerdau Midlothian Steel mill in Midlothian, Texas. An array of more than 231,00 solar panels, spanning 700 […]

Despite a flurry of maintenance projects completed in the second half of 2019, several steelmakers are planning outages or idling of operations during the next few months. Steel producing mills have been designated as essential critical infrastructure and are not subject to state COVID-19 shutdowns. ArcelorMittal, however, is adjusting production by idling its IH-4 furnace at Indiana Harbor […]

Commercial Metals Company is looking forward to a steady construction market in 2020 for its merchant bar and rebar products. “We are positioned to continue benefiting from the positive trends in our core markets and remain optimistic about the construction market, as many of the macro indicators we monitor point to resilience ahead,” said President […]

Commercial Metals Company is enjoying the rewards of its purchase of four rebar mills and 33 fabrication facilities from Gerdau. The acquisition added 2.5 million tons of rolling capacity and increased fabrication capacity by almost 50 percent. “The systems integration was flawless and got completed in less than four months, well ahead of schedule,” said […]

Commercial Metals Co. has shut down the melt shop at its steel rebar mill in Rancho Cucamonga, Calif., citing restrictive regulations and low-cost competition. “The burdensome regulatory environment and cost of doing business in California has put the Rancho Cucamonga melt shop at a severe cost disadvantage in the highly competitive rebar market,” said CMC […]

Nearly 1,000 executives are registered with just two weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our 9th […]