Tag: Pacesetter

Flack Global Metals (FGM) has closed on its majority ownership stake in Pacesetter Steel Service.

Flack Global Metals (FGM) is set to take majority ownership of Pacesetter Steel Service.

The 35th Annual Tampa Steel Conference starts in just a few days. As one of the premier domestic steel conferences, it’s the perfect way to kick off 2024. It’s not too late to register if you haven’t already done so, but make sure to book now!

We’re just a week away from the 35th annual Tampa Steel Conference! It’s one of the premier domestic steel conferences and the first can’t-miss event of 2024. If you haven’t already registered, there is still time but make sure to book now!

There are about 20 days to go until SMU’s 2023 Steel Summit Conference, and there’s still plenty of time to register – just click here! More than 1,200 people have registered to attend so far, which means we’re on track to exceed last year’s record. Steel Summit is Monday-Wednesday, Aug. 21-23, in Atlanta at the Georgia International Convention Center […]

In the early 1980s I moved from Minnesota to Marietta, Ga., to join Pacesetter Steel. It was an exciting time for the steel industry. New service centers were popping up all over the country. The companies started by the Leebow brothers – Pacesetter and Majestic Steel – were dynamic organizations providing opportunities to new people […]

SMU founder John Packard reflects on the passing of two friends from the steel industry.

We are counting down the days until SMU’s Steel Summit Conference on Monday-Wednesday, Aug. 21-23, in Atlanta. It’s only a little over two months away. Approximately 755 people have already registered. Our discounted room blocks are almost gone. Register here. The event will again be held at the Georgia International Convention Center, a massive conference center in close […]

I was communicating with the head of commercial for one of the domestic steel mills about the recent spate of price announcements and what they have managed to accomplish to date. I was told, “Just another effort to get the momentum back to the other side. Partially successful if you ask me. Stops the erosion. […]

In my last lessons learned article, I began to answer a question posed to me regarding what I felt were the most important lessons I have learned over the course of my 45-year career in the steel industry. I wrote about honesty as being the simple answer and many of you have contacted me to […]

Lessons Learned Over the years, I wrote many articles about my sales experiences. You can find those articles on our website under the “Resources” tab. The sub-tab is entitled “The Truth About Selling Steel.” Recently I was asked to reflect on my 45 years in the steel industry and to provide some insights as to […]

In my last Final Thoughts article, I began to answer a question posed to me regarding what I felt were the most important lessons I have learned over the course of my 45-year career in the steel industry. I wrote about honesty as being the simple answer and many of you have contacted me to […]

Lessons Learned Over the years, I wrote many articles about my sales experiences. You can find those articles on our website under the “Resources” tab. The sub-tab is entitled “The Truth About Selling Steel.” Recently I was asked to reflect on my 45 years in the steel industry and to provide some insights as to […]

Being at a Crossroad. Where would you be if you had not stood at a crossroad, that point in your history when a decision you made dramatically impacted your future? We are at the end of the collegiate school year for most universities across the United States. Each of the students graduating has reached a […]

When the books are written on a historic year for steel prices, we will probably look back at August and September as the months when things started falling apart. Why? Because that’s when the extraordinay gaps – between U.S. steel prices and those abroad, between steel prices and scrap prices, and between market senitment and […]

Here’s the Steel Summit program for Wednesday, Aug. 25, at the Georgia International Convention Center in Atlanta: 7 a.m. – Doors open at GICC. All day beverage sponsored by Felux and pastries sponsored by Ratner Steel         8:20-8:30 a.m. – Opening Remarks by SMU President and CEO John Packard 8:30-9:30 a.m. – Steel […]

When we reported steel prices on Tuesday, we noted that for the first time in a year we saw mixed results with some prices rising, one remaining the same and one dropping. We did not change our Price Momentum Indicator. However, we noted that we were carefully watching the markets to see when we would […]

Looking for Signs One year ago, benchmark hot rolled prices bottomed at $440 per ton ($22.00/cwt). Since then, steel prices have been on a tear with spot hot rolled more than four times higher at nearly $1,900 per ton ($95.00/cwt). The net result from this 52-week march higher is the way steel buyers view the […]

Looking for Signs One year ago, benchmark hot rolled prices bottomed at $440 per ton ($22.00/cwt). Since then, steel prices have been on a tear with spot hot rolled more than four times higher at nearly $1,900 per ton ($95.00/cwt). The net result from this 52-week march higher is the way steel buyers view the […]

We continue to receive registrations for the 32nd annual Tampa Steel Conference to be held virtually next week on Feb. 2. We expect over 400 attendees once the conference opens. Here are some of the companies that registered just this week, those with an asterisk (*) next to their name means they have more than one person […]

The 2020 SMU Steel Summit Conference will be a virtual conference this year due to the COVID-19 pandemic. It is disappointing that we are not able to do a live conference, but we think we are going to provide a solid alternative that will feed your need to interact with multiple companies who buy and sell […]

The 2020 SMU Steel Summit Conference will be a virtual conference this year due to the COVID-19 pandemic. It is disappointing that we are not able to do a live conference, but we think we are going to provide a solid alternative that will feed your need to interact with multiple companies who buy and sell […]

On Wednesday, Feb. 26, 2020, one of the most important people in the development of my career in the steel industry and in my personal life passed away—Earl Goode. Earl the Pearl. I met Earl Goode for the first time 38 years ago in Marietta, Ga. It was a beautiful spring day in May 1982. […]

On Wednesday, Feb. 26, 2020, one of the most important people in the development of my career in the steel industry and in my personal life passed away—Earl Goode. Earl the Pearl. I met Earl Goode for the first time 38 years ago in Marietta, Ga. It was a beautiful spring day in May 1982. […]

We have adjusted our plate price momentum indicator from neutral to lower. Prices have been dropping over the past couple of weeks, and steel buyers are very negative on the markets right now (see some of the comments in an article above). I have to tell you I am really struggling with all of the […]

Steel Market Update is pleased to announce the recipient of the first SMU NexGen Leadership Award is Meredith Meade at Tempel Steel Company. Ms. Meade was presented her award by Steel Manufacturers Association CEO Philip Bell. SMA sponsored this year’s award, which attracted 21 highly qualified nominees from 18 companies. The finalists for the award were Ms. […]

Nearly 1,000 executives are registered with just two weeks to go before the start of the 2019 SMU Steel Summit Conference. We continue to see strong interest in this year’s event, which will be held in Atlanta on Aug. 26-28. Once again, the Georgia International Convention Center will be the home of this, our 9th […]

For the past three days, I have been studying the nominations of 21 young individuals who were nominated by their companies for the 2019 SMU NexGen Leadership Award, which this year is being sponsored by the Steel Manufacturers Association. The process has been exhilarating to say the least. I decided many years ago that as […]

Steel Market Update is pleased to announce we have closed the nomination process for the 2019 SMU NexGen Leadership Award, and we have 21 solid candidates. Steel Market Update and the Steel Manufacturers Association want to say “well done” to each of the candidates and their nominating company. The judges will be reviewing the nominations […]

If you haven’t registered for the Premier Steel Conference in North America, then this is the time to do so. The Steel Market Update Events App, which all 900+ attendees have access to, was launched last week, meaning registered attendees are now busy organizing meetings with each other in advance to make the most of their time […]