Steel Products
CRU Group Acquires Steel Market Update
Written by Tim Triplett
June 4, 2018
CRU Group, the global leader in steel analysis, prices and consulting, has acquired the highly successful U.S.-based Steel Market Update (SMU) conference, training and newsletter business.
The SMU Steel Summit, which takes place Aug. 27-29 in Atlanta, is the premier steel conference in North America while the SMU Newsletter is an industry leader, providing independent and timely steel industry pricing, analysis and news for the North American market.
John Packard, President and CEO, Steel Market Update, said: “I am delighted that SMU has found a new home with CRU and I look forward to working with the CRU team, both in Pittsburgh and in London, to develop the SMU and CRU business in North America.”
Robert Perlman, Chairman of CRU, said: “We are delighted to be joining forces with John and his team. Our businesses have a shared commitment to independent and insightful coverage of the steel market. CRU’s global position will be greatly strengthened by SMU’s coverage of North America. The SMU brand will go from strength to strength under the CRU umbrella.”
Based in London and founded in 1969, CRU is the leading provider of analysis, prices, consulting and events in the metals, mining and fertilizer markets. CRU also has offices in Pittsburgh, New York, Santiago, Beijing, Shanghai, Singapore, Tokyo, Mumbai, Sao Paulo and Sydney.
Founded in 2008, Steel Market Update provides and analyzes real-time pricing, market trends and relevant information related to the North American flat rolled steel market through its newsletter, website and events.
For further information, please contact: Nick Morgan, CEO, CRU Group, at +44 20 7903 2071; John Packard, President and CEO, SMU, North America (toll free) 800 432 3475 or John Ball, CRU North America, 724 759 7866.
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.