Steel Products
Steel 101: Introduction to Steel Making & Market Fundamentals Workshop
Written by John Packard
February 3, 2020
If you want to get a better feel for what you can learn and the value of our Steel 101 workshop, listen to what a couple of our most recent attendees had to say:
“This is a great workshop where the ABC’s of the steel business are spelled out quite clearly, even for someone new in the steel business.” Reuven Lerman, Steel Warehouse
“The Steel-making 101 workshop is an excellent training and learning opportunity for any professional that buys, sells, fabricates or has a financial interest in the steel industry. The instructors are extremely knowledgeable in all segments of steel-making and downstream steel products and they bring energy and enthusiasm to the workshop. The opportunity to tour California Steel and learn from the mill personnel was excellent.” Michael Petruski, Managing Director, Great American Group Appraisal and Valuations Services, a B. Riley Financial Services (RILY) Company.
Here are some of the highlights you can expect from a Steel 101 workshop:
- How steel is made by both the blast furnace/BOF (integrated) and electric arc furnace (minimill) processes
- How various products are rolled (flat, plate and long products)
- Major differences between integrated and minimills
- After above we tour an operating steel mill – next mill is NLMK Portage, Ind.
- How qualities of steel are made and ASTM specifications
- Coated steel (galvanized, Galvalume, pre-painted steels)
- How steel is bought and sold (how to use extras and build a price)
- End uses of steel
- How commodities affect the industry
- Understanding the flow of steel from mill to customer
- Taste of futures
- Basics of supply and demand
- Global and domestic steel supply
- Risks to the supply chain
- Understanding key market indicators
- How to use available tools (SMU and others)
As mentioned above, our March 31-April 1, 2020, workshop will include a tour of the NLMK Portage steel mill.
{loadposition reserved_message}
If you have any questions, please feel free to reach out to us at Events@SteelMarketUpdate.com
Registration is open and we are expecting another sold-out class.
Go to www.SteelMarketUpdate.com/Events/Steel101 for more information.
John Packard
Read more from John PackardLatest 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.