Steel Product Producers

Worldsteel Elects Nucor’s Topalian as New Chairman
Written by Laura Miller
October 16, 2023
Nucor’s president and CEO Leon Topalian has been named the new chairman of the World Steel Association (worldsteel).

Topalian, who last year served as vice-chairman of the board of Brussels-based worldsteel, takes the helm from Jeong-Woo Choi, CEO of South Korea’s Posco.
The vice-chairman positions will be held by Jeong-Woo Choi and CEO and managing director of India’s Tata Steel, Thachat Viswanath Narendran. Mark Vassella, CEO and managing director of Australia’s BlueScope Steel, will continue to serve as treasurer.
Timoteo Di Maulo, CEO of Luxembourg-based stainless and specialty producer Aperam, was again elected chairman of worldstainless.
Those elected to worldsteel’s executive board of directors hold office for one year.
Members of worldsteel represent about 85% of global steel production. The association maintains relationships with many international organizations, including the United Nations and the OECD.
The Steelie Awards
Each year, worldsteel gives out ‘The Steelie Awards,’ recognizing member companies’ contributions to the steel industry. Two companies with operations in North America walked away with awards this year.
Pittsburgh-based U.S. Steel was awarded “Innovation of the year” for its development of a high-strength, high-formable, lean, single-phase, nano-precipitation strengthened sheet steel for automotive applications with a minimum tensile strength of 780MPa.
Ternium, headquartered in Luxembourg but with operations in Louisiana, Mexico and Latin America, was recognized for excellence in education and training.

Laura Miller
Read more from Laura MillerLatest in Steel Product Producers

Reliance reports record tons sold in Q1
A factor in the sales was customers buying ahead of tariff-related price increases.

AZZ sees tariffs boosting demand for US-made coating solutions
Coil coater AZZ Inc. sees President Trump’s aggressive trade policy stoking demand for coating solutions for steel and aluminum made in the US.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

Galv buyers notched strong Q1, but see uncertainty on the horizon
Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.

AZZ Inc.’s earnings rise, but sales dip on weather woes
AZZ Inc. posted higher earnings in its fiscal fourth quarter, but sales slipped on weather disruptions.