Steel Products
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Salzgitter Mannesmann International Appoints New President
Written by David Schollaert
May 25, 2021
Salzgitter Mannesmann International (USA), Inc., will be under the new leadership of Thomas Rechtien, effective June 1.
Rechtien most recently was responsible for the North American trading arm of Salzgitter Mannesmann International (USA), Inc., as General Manager of Trading and Automotive. Rechtien has served in a variety of roles during his 12-year tenure at the company and succeeds Phillip Meiser in a planned leadership transition.
Salzgitter Mannesmann International, a global trader of steel and technology products, is a subsidiary of the German steelmaker and trader conglomerate, Salzgitter AG. Its U.S. operations under Salzgitter Mannesmann International service the oil and gas, automotive and construction industries.
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David Schollaert
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US HR prices surge above offshore tags
Hot-rolled (HR) coil prices leaped in the US this week, while tags abroad saw more measured gains. The result: US hot band prices have become even more expensive than imports on a landed basis. In fact, the premium US HR prices carry over HR prices abroad now stands at a 12-month high.
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US rig counts inch up again, Canadian activity slips
The latest oil and gas rig count in the US increased slightly from last week, while Canadian activity edged lower, according to Baker Hughes.
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SMU flat-rolled 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 […]
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CRU: Rising protectionism impacts global steel trade
US sheet prices surge following tariff announcement
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SMU Community Chat replay now available
The latest SMU Community Chat webinar reply is now available on our website to all members. After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu. All past Community Chat webinars are also available under that selection. If you need help accessing the webinar replay, or if your company […]