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’s April at a glance
SMU’s Monthly Review provides a summary of our key steel market metrics for the previous month, with the latest data updated through April 30.
SMU Survey: Steel Buyers’ Sentiment Indices recover
SMU’s Buyers’ Sentiment Indices both improved this week, reversing the decline seen two weeks ago.
SMU Survey: Sheet and plate lead times flatten out
Sheet and plate lead times held steady this week, according to buyers responding to the latest SMU market survey. This week we saw little change from mid-April levels, with just one product (Galvalume) showing any significant movement.
SMU Survey: More mills willing to deal on sheet prices, less so on plate
Nearly two thirds of the steel buyers who responded to this week’s SMU survey say domestic mills are negotiable on spot prices. This increasing flexibility marks a significant shift from the firmer stance mills held in recent months.
SMU Survey: Sheet lead times ease further, plate hits one-year high
Steel buyers responding to this week’s SMU market survey report a continued softening in sheet lead times. Meanwhile, plate lead times have moderately extended and are at a one-year high.