By Philip Bell, President, Steel Manufacturers Association As we approach the holidays, there are some who believe that a swift Section 232 deal with Japan is essential. Some also believe a Japanese deal should be equivalent to the deal reached with the European Union this October. The notion of a Jan. 1, 2022, deal deadline […]
Top U.S. and British trade negotiators appear to be nearing a deal to ease Section 232 tariffs on steel and aluminum from the United Kingdom. That’s according to recent statements from the Office of the U.S. Trade Representative (USTR) and the Commerce Department. Case in point: Commerce Secretary Gina Raimondo and UK Secretary of State […]
By Greg Wittbecker, Advisor, CRU Group Andy Grove, the former CEO of Intel, wrote a classic business book, “Only the Paranoid Survive.” One of the simple messages of that great read was to always pay attention to your competition. It’s for that reason, we thought it useful to update you on some of Alcoa’s recent […]
Evraz is a major supplier of plate and tubular goods for the traditional oil and gas markets. At the same time, it is a leader in the use of renewable energy, with an electric arc furnace mill in Pueblo, Colo., powered primarily by solar. Jefferson Shaw, vice president of strategy for Evraz North America, sees […]
Sometimes it is the little things that provide hints as to the direction steel prices will take. During our Steel 101 workshops, I use the example of when you hear from that steel salesman on what seems like a daily basis – that’s when you know a market is about to turn (or has turned). […]
Sometimes it is the little things that provide hints as to the direction steel prices will take. During our Steel 101 workshops, I use the example of when you hear from that steel salesman on what seems like a daily basis – that’s when you know a market is about to turn (or has turned). […]
Don’t forget to tune into our next Community Chat with Jefferson Shaw, vice president of strategy for Evraz North America. The free webinar will be on Wednesday, Dec. 1, at 11 a.m. ET (10 a.m. CT). Click here to register. We’ll talk about Evraz NA’s plans to run its steel mill in Pueblo, Colo., on […]
First, please note that due to the Thanksgiving holiday, the Steel Market Update newsletter will not be published on Thursday (which is Thanksgiving Day) and Sunday, Nov. 28. We will return to our normal publication schedule on Tuesday, Nov. 30. We want to wish everyone in the United States a happy, healthy Thanksgiving with family and […]
Don’t forget to tune into our next Community Chat with Jefferson Shaw, vice president of strategy for Evraz North America. The free webinar will be on Wednesday, Dec. 1, at 11 a.m. ET (10 a.m. CT). Click here to register. We’ll talk about Evraz NA’s plans to run its steel mill in Pueblo, Colo., on […]
Don’t forget to tune into our next Community Chat with Jefferson Shaw, vice president of strategy for Evraz North America. The free webinar will be on Wednesday, Dec. 1, at 11 a.m. ET (10 a.m. CT). Click here to register. We’ll talk about Evraz NA’s plans to run its steel mill in Pueblo, Colo., on […]
SMU is pleased to announce that our next Community Chat will feature Jefferson Shaw, vice president of strategy for Evraz North America. Mark your calendar for Wednesday, Dec. 1, at 11 a.m. ET (10 a.m. CT). And click here to register. It’s free. We’ll talk about Evraz NA’s plans to run its steel mill in […]
With 2022 right around the corner, it’s time to reflect back on an unusual and eventful year for the steel industry. Following is Steel Market Update’s Top 10 News Events of 2021: #10 – Economy Rebounds from COVID: No one could have predicted when the virus crippled commerce in the spring of 2020 that the […]
Steel Market Update will once again be working with Port Tampa Bay as we host the 33rd edition of the Tampa Steel Conference. The 2022 TSC will be held on Feb. 14-16 at the Marriott Water Street Hotel in Tampa, Fla. This conference is the second largest steel conference of its type in North America […]
Mill executives have been front and center over the past couple weeks during their earnings calls and the annual gathering of AISI and SMA members in Washington. Below is a sampling of some of their more notable remarks: • Just because the U.S. and EU managed to negotiate a quota to replace the controversial Section […]
The management team at Ryerson reported solid third-quarter results on Thursday and expressed optimism about underlying demand in the fourth quarter and into next year. “The pricing environment is still healthy and strong underpinned by good demand – demand deferred, not denied – and we see that continuing into 2022,” Ryerson President and CEO Eddie […]
It goes without saying, the steel industry is in a dynamic, volatile market and the only thing that is certain is the volatility will continue as we move into calendar year 2022. It is not just price we need to watch over the coming months. There are many moving pieces to this puzzle. The agreement […]
It goes without saying, the steel industry is in a dynamic, volatile market and the only thing that is certain is the volatility will continue as we move into calendar year 2022. It is not just price we need to watch over the coming months. There are many moving pieces to this puzzle. The agreement […]
In this year’s edition of CRU Breakfast – part of LME Week – we explored three key themes that shaped the commodities markets – the global economic and commodities outlook, the changing role of China, and Navigating ESG. All three themes have been central to many developments in the industry and remain equally crucial moving […]
By Philip Bell, President, Steel Manufacturers Association Editor’s note: Phil Bell and SMA are now periodic contributors to Steel Market Update. Look for Phil’s insights on steel and events in Washington in future issues of SMU. The U.S. and EU want to resolve the Section 232 steel tariff issue by Nov. 1. This is an […]
The 2022 Tampa Steel Conference agenda and speakers are coming together nicely. Steel Market Update enjoys working with our friends at Port Tampa Bay as we prepare for a unique, fun, quality steel experience in Tampa, Fla., in mid-February. The conference dates are Feb. 14-16, but if you are concerned about conflicts with Valentine’s Day, […]
The 2022 Tampa Steel Conference agenda and speakers are coming together nicely. Steel Market Update enjoys working with our friends at Port Tampa Bay as we prepare for a unique, fun, quality steel experience in Tampa, Fla., in mid-February. The conference dates are Feb. 14-16, but if you are concerned about conflicts with Valentine’s Day, […]
Algoma Steel’s initial public offering (IPO) is around the corner following shareholder approval of a deal between the Canadian steelmaker and Legato Merger Corp., a special purpose acquisition company (SPAC) The merger between the New York-based SPAC and privately held Sault Ste. Marie, Ontario-based Algoma is expected to close this week, an Algoma spokeswoman said. […]
By CRU Senior Analyst Dimitry Popov and Analyst Wei Wang In recent weeks, China has been experiencing the worst power shortages in decades. Various industries in 20 provinces have been affected and even residential customers had power cuts in the extreme cases. Increasing electricity demand, short coal supply and the decarbonization drive are three main […]
Steel Market Update will once again be working with Port Tampa Bay as we host the 33rd edition of the Tampa Steel Conference. The 2022 TSC will be held on Feb. 14-16 at the Marriott Waterstreet Hotel in Tampa, Fla. This conference is the second largest steel event of its type in North America (second only […]
Steel Market Update will once again be working with Port Tampa Bay as we host the 33rd edition of the Tampa Steel Conference. The 2022 TSC will be held on Feb. 14-16 at the Marriott Waterstreet Hotel in Tampa, Fla. This conference is the second largest steel event of its type in North America (second only […]
By CRU Economist Frank Eich and CRU Research Analyst Clifton Hoong As addressing climate change has become an increasingly urgent political priority, policy makers have been keen to develop the available tool kit to address this challenge. Within that tool kit, carbon pricing plays an important role as it has been identified as one of […]
Steel Market Update’s foreign versus domestic price analysis elsewhere in this issue shows hot rolled imports still anywhere from $400 to $800 per ton cheaper than prices in the U.S., depending on the country of origin. The potential cost advantage remains very tempting to buyers willing to take on the risks of a long and […]
By CRU Analysts Kevin Bai and Zhenzhen Jiang, from CRU’s Steelmaking Raw Materials Monitor (Editor’s note: Steel Market Update is pleased to share this Premium content with Executive members. For information on upgrading to a Premium-level subscription, email Info@SteelMarketUpdate.com.) China’s steel production control measures have been heatedly discussed in the past few months. With the […]
What does the rapid advancement of solar energy mean for the steel industry? Solar has major implications, both for the steel it will consume and the energy it will provide. Without solar energy, steelmakers have no chance of reaching their zero-emissions goals over the next three decades. Even if steel mills can somehow figure out […]
Lobbying groups for U.S. steel mills and the United Steelworkers (USW) union want trade restraints placed on the EU to prevent potential “import surges” from the region. The call – from the American Iron and Steel Institute (AISI), the Steel Manufacturers Association (SMA) and the United Steelworkers union (USW) – comes even as the U.S. and the […]