While steel service centers remain cautiously optimistic on their demand outlooks for the remainder of the year, most agree that the environment for mergers and acquisitions remains quite strong. This is according to executives from Reliance Steel & Aluminum, Ryerson, and Olympic Steel—some of the industry’s top players—speaking on their recent and respective second quarter […]
Gary, Ind.-based Alliance Steel, a flat-rolled coil service center and toll processor, appoints Andrew “Drew” Gross as president and chief operating officer. He will assume his new role effective July 1, the company said. Gross, who has been with Alliance for more than 15 years, held several senior positions within the company, including merchandising, sales, […]
Heidtman Steel Products Inc. said it has acquired the remaining two-thirds ownership interest in Fulton County Processing (FCP), effective June 1, 2022. Heidtman had held a one-third ownership stake in the Delta, Ohio-based toll processor in since January 2006. Toledo-based Heidtman, a service center, said it would operate FCP as a wholly-owned subsidiary in press release […]
The management team at Ryerson reported solid third-quarter results on Thursday and expressed optimism about underlying demand in the fourth quarter and into next year. “The pricing environment is still healthy and strong underpinned by good demand – demand deferred, not denied – and we see that continuing into 2022,” Ryerson President and CEO Eddie […]
Mill lead times, which means the amount of time it takes to receive (or be promised delivery) for a new order placed today, continue to be highly extended. We share our lead time by product graphic every couple of weeks after we conduct our latest market analysis. We also look at lead times from a […]
Mill lead times, which means the amount of time it takes to receive (or be promised delivery) for a new order placed today, continue to be highly extended. We share our lead time by product graphic every couple of weeks after we conduct our latest market analysis. We also look at lead times from a […]
Steel Market Update and the Steel Manufacturers Association are committed to promoting youth and encouraging more young people to consider careers in the steel and manufacturing industries. The 2019 SMU NexGen Leadership Award is just one of the ways we are recognizing the existing talent within the industry. There is still time to get in […]
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 […]
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 […]
I am back, well sort of… (I took some vacation days this past week. Did you miss me?) I will be traveling to Washington, D.C., where I will be speaking with the board of directors of the Steel Manufacturers Association. This will be interesting as there are no prepared remarks, just SMA President Phil Bell […]
Reliance Steel & Aluminum Co. announced the completed acquisition of toll processor and transportation/logistics company All Metals Holdings, LLC. It is the third acquisition for Reliance in 2018. All Metals includes operating subsidiaries All Metals Processing & Logistics, Inc., and All Metals Transportation and Logistics, Inc. AMPL, headquartered in Spartanburg, S.C., with an additional facility […]
Reliance Steel & Aluminum reported its second highest quarterly net sales in the company’s history. Third-quarter net sales jumped 21.4 percent year-over-year to $2.97 billion, down just 0.5 percent from the record set in the second quarter at $2.99 billion. Reliance net income for the quarter of $148.2 million was impacted by a $36.8 million […]
Reliance Steel & Aluminum Co. is now the sole owner of Acero Prime and its affiliate Acero Prime Servicios, a toll processor with four locations in Mexico. Reliance was the majority owner but purchased the remaining 40 percent interest from joint venture partner U.S. Steel. Terms of the transaction were not disclosed. “Acquiring the remaining […]
We have an exceptional new steel training event coming up in September as Steel Market Update works with AK Steel to conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. The dates of this unique opportunity to see both a fully integrated steel mill and the AK Steel Research […]
We have an exceptional new steel training event coming up in September as Steel Market Update works with AK Steel to conduct our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. The dates of this unique opportunity to see both a fully integrated steel mill and the AK Steel Research […]
Steel Market Update is taking registrations for our first Steel 201: Introduction to Advanced High Strength & Other New Steels Workshop, which will be held at AK Steel’s new Research and Innovation Center on Sept. 11-12, 2018, in Middletown, Ohio. This will be a special experience for those wanting to learn more about how steels […]
Steel Market Update is working with AK Steel as we present our first Steel 201: Introduction to Advanced High Strength & Other New Steels workshop. This workshop is meant to be a continuing education course focused on how steel is made with a special focus on advanced high-strength steels for automotive and other “lightweighting” applications. […]
Last year, it took Steel Market Update until the middle of July before we reached the number of registrations that we have already booked for the 2018 SMU Steel Summit Conference. We are approaching 500 registered executives and we are well on our way to smashing last year’s record attendance and meeting our self-imposed goal […]
Last week Steel Market Update conducted our early May 2018 flat rolled and plate steel market trends survey. We sent invitations to 640 individuals representing approximately 620 companies mostly located in the United States and Canada. The purpose of our inquiries is to better follow various trends affecting the flat rolled and plate markets. We […]
Is your company at risk due to the impact of the Section 232 tariffs? Industry executives responding to Steel Market Update’s April 16 flat rolled market trends questionnaire are almost evenly split on whether the Trump administration tariffs will help or hurt their businesses. Fifty-two percent say their business is not at risk, while 48 […]
Union Partners, a Chicago-based, full-service metals and logistic company, announced on Wednesday the acquisition of Maksteel, a service center, toll processor and logistics provider located in Mississauga, Ontario. Founded in 1970, Maksteel claims to be the first service center in Canada to process advanced high strength steels (AHSS) and martensitic steels as part of its […]
Union Partners, a Chicago-based, full-service metals and logistic company, announced on Wednesday the acquisition of Maksteel, a service center, toll processor and logistics provider located in Mississauga, Ontario. Founded in 1970, Maksteel claims to be the first service center in Canada to process advanced high strength steels (AHSS) and martensitic steels as part of its […]
Steel Market Update’s 8th Steel Summit Conference will be held at the Georgia International Convention Center on Monday, Aug. 27, through Wednesday, Aug. 29, 2018. We’ve been watching the markets very carefully as we put together our final agenda and have worked hard to select the best speakers possible. On Friday, we added AK Steel […]
Steel Market Update’s 8th Steel Summit Conference will be held at the Georgia International Convention Center on Monday, Aug. 27, through Wednesday, Aug. 29, 2018. We’ve been watching the markets very carefully as we put together our final agenda and have worked hard to select the best speakers possible. On Friday, we added AK Steel […]
Happy Holidays to everyone. I know I have told you on a number of occasions that I am now no longer at my desk, but rather slowly moving out to sea for an extended period of rest. Well, as much rest as a workaholic can possibly get. The rest of the SMU team is busy […]
It’s not that unusual anymore to find a service center that has taken its value-added offerings as far as first-stage parts manufacturing. Less common is a toll processor that offers fabrication. Mississippi Steel Processing (MSP) is located on the campus of Steel Dynamics’ mill in Columbus, Miss. For the past two years, it has shared the […]
Last week, Steel Market Update (SMU) conducted one of our flat rolled steel market trends analyses, sending invitations to 655 executives associated with the manufacturing, steel distribution, steel mills, trading companies and toll processor segments of the industry. The majority of respondents completed the questionnaire prior to the ArcelorMittal USA price increase announcement. One of […]
Responses to two questions in Steel Market Update’s latest flat roll market trends analysis elicited a clear consensus from our participants: The Trump administration’s delay in acting on Section 232 could open the door to more foreign steel imports. But the government should not necessarily penalize foreign countries just because they export a high rate […]
The Metals Service Center Institute (MSCI) will release its service center inventories and shipment data next week. As we prepare to review their data, we thought our readers would be interested in what we collected about flat rolled steel inventories at distributors during our flat rolled steel market trends analysis last week. Flat rolled steel […]
The following is just part of an article on China written by Gordon Orr, Director Emeritus at McKinsey & Company. The original article was published recently by the American Institute for International Steel (AIIS). You can link to the article here. “What if Steel Prices Decline? “Last year began with much fanfare over promised government-enforced […]