Steel Products
Trump Tabs DiMicco as Trade Advisor
Written by Tim Triplett
December 5, 2017
Dan DiMicco, former CEO of Nucor Corp., has been appointed to a four-year term as a member of President Trump’s Advisory Committee for Trade Policy and Negotiations, the White House announced in a Dec. 4 release.
DiMicco, who retired from Nucor, is a former trade advisor to the Trump campaign and serves as chairman of the Coalition for a Prosperous America, which claims to be “Washington’s leading organization fighting for a new trade policy to deliver balanced trade, restored health for American industries, broadly shared economic growth and more jobs for American workers.”
{loadposition reserved_message}
DiMicco was an early Trump supporter, especially on issues of fair trade. As head of Nucor, his was among the loudest voices calling for restrictions on low-priced steel imports from China and other countries.
Commenting on the contentious NAFTA negotiations in a recent Bloomberg article, the former steel executive said, “If we can’t negotiate a deal to make trade more balanced, the only option is to walk away.”
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Active rig counts stable in US and Canada
US drill rig activity saw a slight increase from last week but continues to hover near multi-year lows. In Canada, rig counts dipped last week but near one of the highest levels recorded in the past seven months.
Nucor (officially) holds plate prices steady again
Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.
Worthington Enterprises taps Hayek as president, CEO
Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.
AISI: Steel shipments rose month over month in August
Domestic steel shipments increased month over month but slipped on year in August.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.