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    Analysis

    Final Thoughts

    Written by John Packard


    When is Sunday really Monday and Tuesday suppose to be Wednesday…? One of the changes SMU is making is to date our newsletters on the day they are actually produced and sent. So, you will note that tonight’s newsletter is dated, Tuesday, September 3rd as opposed to Wednesday, September 4th.

    SMU will produce three Executive Newsletters per week – on Sunday evening, Tuesday evening and Thursday evening with the exception of holidays and the week between Christmas and New Years.

    We are conducting our early September steel market analysis this week.  Invitations were sent out at 7:30 AM on Tuesday morning and reminders will go out at 8:00 AM ET tomorrow (Wednesday). Please take a moment to find your invite, click on the link and fill out our questionnaire.

    What to watch this week: scrap prices for the month of June, SMU Steel Buyers Sentiment Index, lead times and mill negotiations.

    As always your business is truly appreciated by all of us here at Steel Market Update.

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    Majestic Steel promotes Broyles to EVP

    Majestic Steel USA announced that Chad Broyles will now be the Executive Vice President for its business operations unit. The Cleveland-headquartered flat-rolled steel distributor and processor expects Broyles to help Majestic align its commercial and operational priorities. As EVP, Broyles will oversee service center operations, according to the company’s Jan. 5 statement. Todd Leebow, president and CEO of Majestic Steel USA, noted that since joining Majestic in 2025 Broyles’ has been a valuable contributor to its […]