SMU Data and Models
JSW Steel USA CEO Steps Down
December 8, 2022
JSW Steel USA announced that Mark Bush has stepped down as CEO to pursue other opportunities.
Greg Manfredi, current COO of JSW Steel USA, will take interim charge, and lead both the Mingo Junction, Ohio, and the Baytown, Texas, teams.
His role will also include the continued execution of the modernization and upgrades of the plate mill facility at Baytown, the company said.
“We sincerely thank Mark for his leadership in steering JSW Steel USA during the Covid-19 pandemic and in achieving the many milestones that the company accomplished during his tenure,” Parth Jindal, director of JSW USA, said in a statement.
Flat steel and tubular producer JSW Steel USA is a wholly owned subsidiary of India’s JSW Steel Ltd.
By Ethan Bernard, Ethan@steelmarketupdate.com
Latest in SMU Data and Models
SMU Survey: Steel Buyers’ Sentiment Indices contrast at year end
Both of our Sentiment Indices remain in positive territory and indicate that steel buyers are optimistic about the success of their businesses.
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.
SMU Survey: Buyers report mills are slightly less flexible on pricing
Steel buyers of sheet and plate products say mills are still willing to bend on spot pricing this week, though not quite as much as they were two weeks prior, according to our most recent survey data.
December energy market update
Trends in energy prices and active rig counts are leading demand indicators for oil country tubular goods (OCTG), line pipe and other steel products
Apparent steel supply remained near two-year low in October
Referred to as ‘apparent steel supply’, we calculate this volume by combining domestic steel mill shipments with finished US steel imports and deducting total US steel exports.