SMU Data and Models
Nucor Promotes Hanners to EVP
December 14, 2022
Nucor Corp. said Noah Hanners will be promoted to executive vice president effective Jan. 1.
Hanners began his career with Nucor in 2011, the steelmaker said, noting that he currently serves as vice president and general manager of the David J. Joseph Co.
“Noah has proven his abilities in the many leadership roles he has held at Nucor and throughout his career,” Nucor chair, president and CEO Leon Topalian said in a statement.
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.