Steel Products
Free Webinar Wednesday as We Chat with Olympic Steel CEO
Written by Michael Cowden
April 12, 2021
Olympic Steel CEO Rick Marabito will be the featured speaker at the next SMU Community Chat on Wednesday, April 14, at 11 a.m. ET.
Marabito will bring a service center perspective to the current steel market in a one-on-one discussion with SMU. (Translation: This will not be death by PowerPoint.)
Topics will include infrastructure, supply chain disruptions stemming from COVID-19, and port congestion. The broader question: Will such issues result in more regional supply chains and better domestic steel demand?
We’ll also discuss M&A, the impact of high steel prices on inventory turns, credit, and the risks of long lead times.
Join us for this 40-minute webinar, which is free and open to all. Click here to register.
And if you’d like to listen to past Community Chats you may have missed, click here.
Michael Cowden
Read more from Michael CowdenLatest 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.