Economy

Reibus Appoints Shipp as VP of Strategic Partnerships
Written by David Schollaert
January 26, 2022
Industry veteran Chris Shipp has joined Reibus, the online metals marketplace, as Vice President of Strategic Partnerships.
Shipp most recently served as Vice President of Supply Chain at Priefert Manufacturing in Mt. Pleasant, Texas.
“As an incredible industry leader, it is fantastic that Chris is coming to Reibus to help us continue to build our strategic partnerships with our customers, not only in the U.S. but around the world,” said John Armstrong, CEO and founder of Reibus.
In his new role, Shipp believes he will be part of the future transformation of the global metals industry. “The value of how important the culture is to the workforce is something Reibus puts at the forefront; bringing world-class talent together and empowering them to run and lead the evolution is what brought me to Reibus,” said Shipp. “It is also exciting to see a company that isn’t afraid to look outside the box and do things differently, putting buyers and sellers together while handling the complexities of logistics and finance.”
Atlanta-based Reibus, founded in 2018, is an independent SaaS-enabled marketplace that helps hundreds of businesses buy and sell industrial material. Its advanced technology and deep industry knowledge improve supply-chain efficiency by reducing lead time, improving inventory, and streamlining finance and freight services.
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Economy

Steel, manufacturing, and union groups divided on S232 tariffs
Domestic steel trade associations, manufacturing groups, and the United Steelworkers (USW) union had mixed reactions to the implementation of new Section 232 tariffs without exclusions on Wednesday. Trade groups representing steel mills broadly supported President Trump’s actions, while the USW and some groups representing manufacturers were more critical. AISI Kevin Dempsey, president and CEO of […]

CRU: Will US tariff policy be transactional or transformational?
The Trump 1.0 tariffs appeared to have little positive effect on the US manufacturing, partly because they hurt export competitiveness.

Beige Book finds mixed demand trends, tariff concerns
Manufacturing activity exhibited slight to modest increases across a majority of districts. However, manufacturers expressed concerns over the potential impact of looming trade policy changes between late January and February.

Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]

ISM: Manufacturing expansion slowed in February
The Manufacturing PMI registered 50.3% in February. That’s 0.6 percentage points lower compared to the 50.9% recorded in January.