Trade attorney Lewis Leibowitz will be the featured speaker at 11 a.m. ET on Wednesday, June 3, for the next SMU Community Chat webinar. The 45-minute webinar is free and open to all interested in the topic of free and fair trade. A regular contributor to Steel Market Update, Leibowitz is an expert on government […]
Ferrous scrap prices for Detroit came out late this afternoon. Prime grades (busheling and bundles) were up $10 per gross ton. There was no change to cut grades, and shredded scrap was down $10/GT. On Wednesday, June 3, we will host our 9th SMU Steel Community Chat webinar. We will be discussing trade with trade […]
Trade attorney Lewis Leibowitz will be the featured speaker at 11 a.m. ET on Wednesday, June 3, for the next SMU Community Chat webinar. The 45-minute webinar is free and open to all interested in the topic of free and fair trade. A regular contributor to Steel Market Update, Leibowitz is an expert on government […]
Trade attorney Lewis Leibowitz will be the featured speaker at 11 a.m. ET on Wednesday, June 3, for the next SMU Community Chat webinar. The 45-minute webinar is free and open to all interested in the topic of free and fair trade. A regular contributor to Steel Market Update, Leibowitz is an expert on government […]
Our SMU Community Chat attendees reacted to Wednesday’s webinar with Barry Zekelman of Zekelman Industries by flooding my office with emails. Readers of my editorial in Thursday’s issue of Steel Market Update also chose to provide their opinions on the subjects discussed. Emotions were running high as some thought I was being disrespectful to Mr. […]
Some days I just stare at my feet and wonder, what happened? Barry Zekelman let it all hang out during this week’s SMU Community Chat webinar. I may have had a “deer in the headlamps” look on my face when we got to the end. Some of you who listened to the webinar loved it, […]
Trade attorney Lewis Leibowitz will be the next speaker for our SMU Community Chat webinar. The free webinar will be held at 11 AM ET on Wednesday, June 3. The pandemic has not stopped Section 232, anti-dumping and countervailing duties and other trade remedies enjoyed by the domestic steel mills. There is also the new USMCA […]
You plan for as much as you can, and hope for the best… My events team, coupled with the CRU events team out of London, made the determination about a week ago that it was not going to be possible to conduct the SMU Steel Summit Conference at the Georgia International Convention Center in Atlanta […]
Barry Zekelman will be the guest speaker for our upcoming SMU Community Chat webinar. The free webinar will be held at 11 AM ET on Wednesday, May 27. Zekelman Industries buys 200,000 tons of steel each and every month. Their customers are associated with construction, energy, agriculture and many other market segments critical to the […]
Memorial Day 2020 When you want to know where you are in life, look in your closet. There it was, bulging at the seams yet ignored. The cloth bag is blood red. I looked up the color online and the closest match was Vallejo Game Air Bloody Red. It is suspended by a white draw […]
Barry Zekelman will be the next speaker for our very popular SMU Community Chat webinar. The free webinar will be held at 11 AM ET on Wednesday, May 27. Zekelman Industries buys 200,000 tons of steel each and every month. Their customers are associated with construction, energy, agriculture and many other market segments critical to […]
U.S. Steel, AK Steel (Cleveland-Cliffs), Nucor, NLMK, ArcelorMittal and UPI all announced price increases today on flat rolled. With the exception of AMUSA, all were +$40/ton. AMUSA provided specific minimum base price guidance of $540 ($27.00.cwt) on hot rolled and $740 ($37.00/cwt) on cold rolled and coated products. Some early comments from various steel service […]
Good steel buyers know everything is negotiable. They understand market momentum, the strengths and weaknesses as well as the needs of their suppliers, as being key ingredients to getting the best steel pricing for their company. Good buyers know the power of the relationships built with their suppliers. They know contract negotiations are different than […]
With the expectation of higher scrap prices coming for the month of June, on top of the steep rise in ferrous scrap this month, the mills’ margins may well be squeezed, which will impact negotiations and pricing over the next few weeks. Most steel buyers anticipate a new round of price increases by late May […]
Our Wednesday SMU Community Chat Webinars have been a tremendous success. Each webinar is unique as we try to vary the subject matter and speakers. For those who have been tuning in to these free sessions at 11 AM ET, you already know that our speakers don’t always agree with one another as to what […]
Our Wednesday SMU Community Chat Webinars have been a tremendous success. Each webinar is unique as we try to vary the subject matter and speakers. For those who have been tuning in to these free sessions at 11 AM ET, you already know that our speakers don’t always agree with one another as to what […]
Our Wednesday SMU Community Chat Webinars have been a tremendous success. Each webinar is unique as we try to vary the subject matter and speakers. For those who have been tuning in to these free sessions at 11 AM ET, you already know that our speakers don’t always agree with one another as to what […]
The United States is beginning to go back to work. Automotive plants are scheduled to begin opening this week. The U.S. is working with Mexico to ensure automotive suppliers in Mexico are deemed “essential businesses” and return to work. From my perch here in Florida, traffic has returned to normal, restaurants are open (50 percent […]
We had an exceptional SMU Community Chat Webinar with Dr. Chris Kuehl of Armada Corporate Intelligence on Wednesday morning. I am getting nothing but rave reviews of our free webinars, and I encourage you to inform your management and other teammates to register and then tune in at 11 AM ET every Wednesday. Next week […]
We had an exceptional SMU Community Chat Webinar with Dr. Chris Kuehl of Armada Corporate Intelligence on Wednesday morning. I am getting nothing but rave reviews of our free webinars, and I encourage you to inform your management and other teammates to register and then tune in at 11 AM ET every Wednesday. Next week […]
Pandemic is a public health issue, not a political issue. I watched just a few minutes of the Senate testimony today with Dr. Fauci, Dr. Redfield of the CDC, Dr. Hahn, commissioner of the Food and Drug Administration, and Admiral Giroir, the Assistant Secretary for Health. I thought one question and answer was interesting in […]
If there is one thing you can count on with the steel industry, it’s for rumors to begin flying as soon as the mills appear to have seized pricing momentum. The domestic steel mills, led by ArcelorMittal USA, began announcing price increases the week ending May 1. The announcements ranged from $50 to $60 per […]
If there is one thing you can count on with the steel industry, it’s for rumors to begin flying as soon as the mills appear to have seized pricing momentum. The domestic steel mills, led by ArcelorMittal USA, began announcing price increases the week ending May 1. The announcements ranged from $50 to $60 per […]
On Wednesday, May 13, at 11 a.m. ET we will conduct another in our series of free SMU Community Chat Webinars. Dr. Chris Kuehl, Managing Director of Armada Corporate Intelligence, will join Steel Market Update CEO John Packard as we discuss what a post-COVID-19 world may look like. Kuehl is known for being both an […]
On Wednesday, May 13, at 11 a.m. ET we will conduct another in our series of free SMU Community Chat Webinars. Dr. Chris Kuehl, Managing Director of Armada Corporate Intelligence, will join Steel Market Update CEO John Packard as we discuss what a post-COVID-19 world may look like. Kuehl is known for being both an […]
On Wednesday, May 13, at 11 a.m. ET we will conduct another in our series of free SMU Community Chat Webinars. Dr. Chris Kuehl, Managing Director of Armada Corporate Intelligence, will join Steel Market Update CEO John Packard as we discuss what a post-COVID-19 world may look like. Kuehl is known for being both an […]
The “new normal” is to reinvent oneself or the way you will do business going forward. As many of you are aware, I am no spring chicken. Yet I refuse to live in the past. I learned (the hard way – through unexpected career changes) that I needed to constantly keep myself relevant to my […]
Dr. Chris Kuehl is the Managing Director of Armada Corporate Intelligence. He provides forecasts and strategic guidance to a wide variety of corporate clients around the world. Kuehl has spoken at numerous SMU Steel Summit Conferences where his free-wheeling style both informed and entertained. On Wednesday, May 13, Dr. Kuehl will participate in one of […]
When I started Steel Market Update back in 2008, I knew I wanted to build something that would become a community centered on providing quality market information and a platform from which I could help educate and motivate those within the industry. On the Steel Market Update website, we describe our mission as follows: To […]
Buyers of flat rolled and plate steels provided insights into the market to Steel Market Update throughout the day. On the flat rolled side, steel buyers seemed to be resigned to paying higher prices. Flat rolled price quotes are firming at the domestic mills, and the mills may well achieve their desired minimums of $500-$520 […]