Steel Products
SMU Community Chat to Feature Energy Market Expert
Written by John Packard
March 2, 2021
Preston Pipe Partner Rick Preckel will be the speaker at Steel Market Update’s next Community Chat webinar.
The webinar will be held tomorrow, Wednesday, March 3, at 11 a.m. ET and is free to those looking to learn more about the interplay between the steel and energy markets.
Joining Rick will be SMU Senior Editor Michael Cowden. Rick and Michael will discuss the rebound in oil prices and what a reinvigorated energy sector might mean for steel demand.
You can register for next week’s webinar by clicking here or by going to www.SteelMarketUpdate.com/blog/smu-community-chat-webinars.
About Rick Preckel and Preston Pipe
Preston Pipe is a consulting, market research, and reporting firm that specializes in steel pipe and tube data, analysis, and related services. It was founded in 1982.
Preckel has been in the steel industry since 1985, when he started his career at Maverick Tube. He held increasingly senior roles at the pipe and tube producer, including vice president of strategic services and president and CEO of Prudential Steel, a Maverick Tube subsidiary. He, along with another steel veteran, Paul Vivian, purchased Preston Pipe in 2006.
Preckel is a graduate of the University of Missouri-St. Louis, where he received a bachelor of science in business administration.
John Packard
Read more from John PackardLatest in Steel Products
Nucor’s weekly HR spot price unchanged, again
Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged for another week – now on an 11-week streak. Nucor’s HR coil CSP, still at $750 per short ton (st), has been at that level since Nov. 12. The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also flat […]
Price gap between domestic, offshore CRC narrows
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened in the week ended Jan. 17. Domestic CR coil tags were lower week on week (w/w), while offshore products ticked higher. The result? The US premium over imports shrank. In our market check on Tuesday, Jan. 14, US CR coil prices averaged $895 […]
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]