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 maintain confident market outlook
SMU’s Buyers’ Sentiment Indices showed mixed movements this week but remain strong, reflecting continued confidence among steel buyers.

SMU Survey: Perspectives differ on impact of Trump tariffs
Are President Trump's tariff policies helping? Steel buyers offer their opinions on the impact of Trump's tariffs.

SMU Survey: Lead times stabilize as tariff-induced buying slows
After a multi-week increase, buyers responding to our market survey this week reported that lead times are stabilizing or marginally declining for each of the sheet and plate products we track.

SMU Survey: Mills hold firm on price, little negotiation room for buyers
The majority of the steel buyers responding to our latest market survey continue to report that domestic mills remain firm on pricing, showing little willingness to talk price on new spot orders this week.

HRC vs. scrap spread widens over $150/ton in March
The HRC vs. prime scrap spread increased again in March.