Final Thoughts

Final Thoughts

Written by Michael Cowden


I am happy to announce that there are officially now more than 1,400 people attending SMU Steel Summit next week in Atlanta. That’s a new record for us, and I thank all of you for making it possible.

I am also happy to say that Barry Zekelman, executive chairman and CEO of Zekelman Industries, will be joining us for the first fireside chat of Steel Summit on Monday, Aug. 21, at 3:40 pm ET.

Zekelman is head of one of the largest independent steel pipe and tube companies in North Americas. As such, he is also one of the region’s biggest sheet buyers.

He will share his take on current events in steel, his deep knowledge of the industry, and his own unique journey in steel. I’m looking forward to our discussion.

Unfortunately, I must also announce that Cleveland-Cliffs has said that company chairman, president, and CEO Lourenco Goncalves will be unable to attend Steel Summit this year. Like you, I did not expect this last-minute change.

Cliffs told me the difficult decision was necessary because of sensitivities related to its bid for U.S. Steel. Recall that U.S. Steel announced on Sunday, Aug. 13, that it was considering a sale of all or part of the company.

I have as a result had to make several other changes to the agenda. Barry Zekelman, as noted above, will be doing the first fireside chat on Monday.

Also, Daniel Needham, executive vice president, commercial, at Nucor, will be doing a fireside chat with me on Tuesday afternoon, Aug. 22, from 3:45-4:30 pm – where Zekelman was originally slated to speak. In other words, we’ll still have a very full day on Tuesday.

On Wednesday, we also have a strong lineup – including panels with leading service center executives, logistics experts, and a talk from Dr. Alan Beaulieu, president and principal of ITR Economics. Beaulieu also happens to be one of our most popular speakers.

We’ll wrap up in the conference hall with Final Thoughts from me at 12:30 pm. You’re then welcome to join us for a closing lunch and networking in the exhibition hall.

You can see the latest agenda on our website here. You can also keep tabs of it on the 2023 Steel Summit app – the same one you’ll use to participate in polls, to ask questions, and to network.

I should in addition note that we now have more than 550 companies attending Steel Summit this year. Below is a list of those that have registered recently. Those with an asterisk next to their name are sending more than one person.

Atlantic Industries Limited

Bailey Metal Processing

Bailey Metal Products Ltd

Blue Bird Corporation*

C.A.T. Global

Caribbean Steel Trading LLC

Citi Bank*

Combined Metal Industries*

D&B Processing LLC

Davidson Kempner

Dienes Corporation

Duferco Steel LLC

EverGreen Industries, Inc.

Fabricators & Manufacturers Association, International*

Grupo Collado S.A. De C.V.*

Hatch Stamping

Husteel USA, INC.

Intellitrans

JLG

Kent Corporation

KH Management and Consulting Corp.

Lane Steel

Metal Products of Alabama*

MW Metals Group

Pacific Metals Trading, Inc.*

POLSTAL Spółka Jawna M.Słabosz, A.Krawiec*

POSCO America Corporation*

Posco International America Corporation*

Salamonie Steel Inc

Sanwa Pty Ltd

Schaeffler Automotive Bühl GmbH & Co. KG

Sooner Pipe

StaalX LLC

Stonebriar Commercial Finance

Taconic Capital

Talent Solvers

Three D Metals*

Trachte USA

Ultra Energy – Furnace Parts

UNICOIL

In short, the entire steel industry will be at the Georgia International Convention Center from Aug. 21-23. If you haven’t registered yet, it’s not too late – you can do so here.

I’ll be heading off to Atlanta soon myself. In the meantime, thanks from all of us at SMU to all of you for your valuable time and your business.

Michael Cowden

Read more from Michael Cowden

Latest in Final Thoughts

Final Thoughts

It’s been another week of torrid speculation when it comes Trump and tariffs. And another week of mostly flat price movement when it comes to steel sheet and plate. As far as Trump and tariffs go, I think I might have lost track. We've potentially got 10% blanket tariffs on imports from China, 25% tariffs on imports from Canada and Mexico, 100% tariffs on the BRICs, and 200% on Caterpillar. Canada might be the 51st state. Mexico could be the 52nd state. But all can be resolved if you stop by Mar-a-Lago and kiss the ring?