Flat rolled steel prices have been rising consistently for 45 straight weeks (since the week of Aug. 10, 2020). There is a chance (no guarantees) that we could see the cycle continue for a full 52+ weeks as the steel mills continue to have supply issues and demand remains quite strong in just about every […]
U.S. steel and metals trade associations warned Congressional leaders that the condition of the nation’s infrastructure is “dire.” They urged legislators to support the “historic” and metal-intensive infrastructure bill proposed by the Biden administration. The trade groups—which claim to represent more than 74,000 domestic facilities—pointed out that an American Society of Civil Engineers (ASCE) 2021 report card gave U.S. […]
We are approaching 550 registered attendees for this year’s SMU Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. Just last week we received registrations from the following companies: Niagara LaSalle Steel, JN Linrose Manufacturing, Atlantic Logistics LLC, Steel Dynamics Inc*., Alliance Steel LLC*, Rock […]
We are approaching 550 registered attendees for this year’s SMU Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. Just last week we received registrations from the following companies: Niagara LaSalle Steel, JN Linrose Manufacturing, Atlantic Logistics LLC, Steel Dynamics Inc*., Alliance Steel LLC*, Rock […]
A deadline has been set by the European Union and the U.S. to end Section 232 steel and aluminum tariffs, and any retaliatory measures, by Dec. 1, according to a draft communiqué obtained by Reuters. An announcement of the agreement is expected at the G7 Summit next week in Brussels. “We commit to work towards […]
Steel Market Update is pleased to announce that Timna Tanners, metals and mining analyst at Bank of America, will be the featured speaker for our next Community Chat webinar on Wednesday, June 9, at 11 a.m. ET. Tanners will speak about the steel industry of the future. That future is likely to include an increased […]
Steel Market Update is pleased to announce that Timna Tanners, metals and mining analyst at Bank of America, will be the featured speaker for our next Community Chat webinar on Wednesday, June 9, at 11 a.m. ET. Tanners will speak about the steel industry of the future. That future is likely to include an increased […]
Steel Market Update is pleased to announce that Timna Tanners, metals and mining analyst at Bank of America, will be the featured speaker for our next Community Chat webinar on Wednesday, June 9, at 11 a.m. ET. Tanners will speak about the steel industry of the future. That future is likely to include an increased […]
A reminder to our readers – Steel Market Update will not publish a Sunday evening issue due to this weekend being a national holiday here in the United States (Memorial Day). We will publish as normal on Tuesday, June 1. Inventories are a key component when it comes to understanding the squeeze we have with […]
The U.S. steel industry stands to benefit in a big way should the government put a price on carbon emissions, according to a study by CRU, Steel Market Update’s parent company. CRU examined the potential impact of a standard fee on carbon emissions and an equivalent border carbon adjustment (BCA) and found that such policies could […]
The United States leads the world in production of sustainable steel and doesn’t get enough credit for its performance in reducing climate-changing CO2 emissions, said Steel Manufacturers Association President Philip Bell, during during Wednesday’s SMU Community Chat webinar. The minimill electric arc furnace is the preferred technology for lowering CO2 intensity. “The U.S produces over 70% […]
Steel Market Update spot prices on flat rolled moved higher today and our Price Momentum Indicator continues to point toward higher prices on hot rolled, cold rolled, galvanized, Galvalume and plate steel over the next 30 days. However, having said that, we spent a good portion of today in conversation with steel buyers around the […]
Steel Market Update is pleased to announce that one of the top woman steel mill executives in North America will mentor the 2021 SMU NexGen Leadership Award recipient. Barbara Smith is Chairman, President and Chief Executive Officer of Commercial Metals Company. Barbara joined CMC in June 2011 as Senior Vice President and Chief Financial Officer. […]
Steel Market Update is pleased to announce that one of the top woman steel mill executives in North America will mentor the 2021 SMU NexGen Leadership Award recipient. Barbara Smith is Chairman, President and Chief Executive Officer of Commercial Metals Company. Barbara joined CMC in June 2011 as Senior Vice President and Chief Financial Officer. […]
Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
Don’t forget to tune into SMU’s next Community Chat webinar on Wednesday, May 26, at 11 a.m. ET with Steel Manufacturers Association (SMA) President Philip K. Bell. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
Ah, remember the good old days… In this month’s galvanized steel conference call with HARDI wholesalers, one of the manufacturing companies discussed the frustrations of buying foreign steel, issues with late deliveries and then difficulties moving the steel from the port to his manufacturing facilities. Traders expressed frustrations related to freight issues (ship and truck). […]
Ah, remember the good old days… In this month’s galvanized steel conference call with HARDI wholesalers, one of the manufacturing companies discussed the frustrations of buying foreign steel, issues with late deliveries and then difficulties moving the steel from the port to his manufacturing facilities. Traders expressed frustrations related to freight issues (ship and truck). […]
A coalition of U.S. steel industry lobbying groups and the United Steelworkers (USW) union want the Biden administration to keep Trump-era Section 232 tariffs and quotas on imported steel in place. The groups say the tariffs – rolled out in March 2018 on national security grounds – are necessary for the survival of the domestic […]
“We are focused on availability more than price.” This morning Steel Market Update participated in a very subdued galvanized steel conference call with members of the Heating, Air-conditioning, Refrigeration, Distributors International trade group. HARDI members are wholesalers who supply the mechanical contractors doing work on residential and commercial construction jobs. The key takeaway I got […]
“We are focused on availability more than price.” This morning Steel Market Update participated in a very subdued galvanized steel conference call with members of the Heating, Air-conditioning, Refrigeration, Distributors International trade group. HARDI members are wholesalers who supply the mechanical contractors doing work on residential and commercial construction jobs. The key takeaway I got […]
Steel Manufacturers Association (SMA) President Philip K. Bell will be the featured speaker for the next SMU Community Chat webinar on Wednesday, May 26, at 11 a.m. ET. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
Steel Manufacturers Association (SMA) President Philip K. Bell will be the featured speaker for the next SMU Community Chat webinar on Wednesday, May 26, at 11 a.m. ET. Bell will speak about the U.S. steel industry’s low carbon profile compared to steelmakers abroad – and its efforts to reduce carbon emissions even further. He will […]
The United States and the European Union have begun negotiations that could lead to the removal of Section 232 tariffs on steel and aluminum imported from the continent, according to market participants and a joint statement from the two sides. The official trigger of the talks: U.S. Trade Representative Katherine Tai, Commerce Secretary Gina Raimondo […]
2021 SMU Steel Summit Conference Revised Agenda as of May 9, 2021 The 2021 SMU Steel Summit Conference will be held at the Georgia International Convention Center on Aug. 23-25. The convention center is conveniently located next to the Atlanta International Airport (ATL). The center and the hotels surrounding it are at the first stop […]
2021 SMU Steel Summit Conference Revised Agenda as of May 9, 2021 The 2021 SMU Steel Summit Conference will be held at the Georgia International Convention Center on Aug. 23-25. The convention center is conveniently located next to the Atlanta International Airport (ATL). The center and the hotels surrounding it are at the first stop […]
Nucor, SDI and Cliffs all announced earnings last week. All of the CEOs are quite bullish as all of their flat rolled mills are running at full capacity. And with pricing now in excess of $1,400 per ton for benchmark hot rolled, the mills are reporting record or near record quarterly profits for first-quarter 2021. […]
Everything You Want to Know About This Year’s Conference There is much to talk about at this year’s SMU Steel Summit Conference as the industry deals with record high prices, strong demand, challenges to supply, questions about trade, new steel mills about to come onstream and more recently announced, automotive moving to electric vehicles, questions […]
Everything You Want to Know About This Year’s Conference There is much to talk about at this year’s SMU Steel Summit Conference as the industry deals with record high prices, strong demand, challenges to supply, questions about trade, new steel mills about to come onstream and more recently announced, automotive moving to electric vehicles, questions […]
The Steel Manufacturers Association applauds the Congressional Steel Caucus for their bi-partisan support of Buy America policies to fix America’s infrastructure. Said SMA President Philip Bell, “Yesterday, a bipartisan group of over 50 members of Congress affirmed that Buy America procurement policies that promote using steel made in America by Americans is a trade-compliant approach […]