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
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.