At least two major Mexican flat-rolled steel producers–Altos Hornos de México (AHMSA) and Ternium México–have cut production in response to power outages and natural gas shortages, according to mill communications. That development–along with transportation and production snarls at multiple flat-rolled mills in the southern United States–means the North American steel market might be short tens […]
At least two major Mexican flat-rolled steel producers–Altos Hornos de México (AHMSA) and Ternium México–have cut production in response to power outages and natural gas shortages, according to mill communications. That development–along with transportation and production snarls at multiple flat-rolled mills in the southern United States–means the North American steel market might be short tens […]
By CRU Prices Analyst Estelle Tran, from CRU’s Global Steel Trade Service U.S. steel service center inventories continue to remain low in terms of material in stock, as many buyers reported that they cannot secure all the sheet steel they require. Steel Market Update, which is owned by CRU, reported service centers carried 51.3 shipping […]
Big River Steel is expected to roll the first coil from its new electric arc furnace sometime next week, according to U.S. Steel’s Q3 comments and other sources. The project ran ahead of the scheduled January start-up by more than two months. Although the first coil will be produced next week, full capacity won’t be […]
My “final thoughts” provide me an opportunity to give my opinions on a wide range of topics. Some are directly steel related and some are not. The question we are all asking ourselves today is what will a Biden administration mean for business? Here are some thoughts I picked up from my reading over the […]
Mexican steelmaker Ternium’s operating rates are approaching full capacity after strong improvement in shipments and demand in the third quarter. Total steel shipments rose 16 percent from the second quarter to 2.8 million tons. Higher finished steel shipments partially offset lower slab shipments to third parties. Pricing recovered significantly from the trough in the second […]
By CRU Analyst Estelle Tran, from CRU’s Global Steel Trade Service The U.S. market is at a unique point where steel buyers could be convinced to buy imports because of extreme supply tightness. With about 7Mt of blast furnace capacity remaining idled in the U.S. and Canada, sheet mills in operation are effectively running at […]
By CRU Principal Analyst Josh Spoores, from CRU’s Steel Sheet Products Market Outlook In less than a year Cleveland-Cliffs has transformed themselves from a Great Lakes-based iron ore miner to the largest fully integrated flat rolled steel producer in the USA. Cliffs has done this by acquiring AK Steel earlier this year and now they […]
The SMU Steel Summit 2020 was off to a strong start on Day 1 covering a wide variety of topics from new capacity to international trade. SMU President John Packard officially opened the conference on Monday leading a panel discussion about the steel industry in Mexico, the Middle East, Turkey and China. Ternium CEO Maximo Vedoya […]
First, the link to the SMU Steel Summit Virtual Conference platform is www.smusteelsummit2020.com From there you enter your email address and the password which was sent to you. Here is what you can expect to happen on Monday, Aug. 24. There will be people available live on the site to assist you (green button in […]
First, the link to the SMU Steel Summit Virtual Conference platform is www.smusteelsummit2020.com From there you enter your email address and the password which was sent to you. If you have not yet registered for the conference please click here or go to www.smusteelsummit.com Here is what you can expect to happen on Monday, Aug. […]
Galvalume supplies are shaping up to be tight in the fourth quarter, but fears of a shortage may be overstated, sources tell Steel Market Update. Despite a recent press report to the contrary, Galvalume is one of the strongest steel sectors right now. “There is no shortage at the right price,” said one mill executive. […]
It has been almost 12 months in the making and, due to the pandemic, one of the most carefully crafted agendas ever presented for an SMU Steel Summit Conference. Here is the final agenda for this year’s “virtual” conference. All times referenced are Eastern Time. The programs on the agenda prior to 10:00 AM are […]
It has been almost 12 months in the making and, due to the pandemic, one of the most carefully crafted agendas ever presented for an SMU Steel Summit Conference. Here is the final agenda for this year’s “virtual” conference. All times referenced are Eastern Time. The programs on the agenda prior to 10:00 AM are […]
ArcelorMittal announce plans to build an electric arc furnace steelmaking facility at AM/NS Calvert. When completed the facility will have the capability of producing 1.5 million metric tons of steel slabs for Calvert’s hot strip mill as well as producing a wide variety of steel grades for end-users. “An electric arc furnace at Calvert makes […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
We have passed through 700 registered attendees for this year’s SMU Virtual Steel Summit Conference. Activity has been high and we are confident we will reach our 800+ registered attendee goal. We will be the largest steel conference (live or virtual) in North America this calendar year. Those who have seen our platform are excited. […]
Latin American steel producer Ternium took COVID-19 assistance a step beyond its own needs in the second quarter. The company built a 112-bed field hospital in Monterrey, Mexico, with a fully equipped intensive care unit as well as supplying 25 intensive care units to two hospitals in Rio de Janeiro and 100 beds and intensive care […]
Four days to go… This will be our 10th SMU Steel Summit Conference. Over those 10 years the SMU team (and now CRU team) has built the most successful steel conference outside of mainland China. This year’s conference will be either the second or third most attended event we have had since the beginning. I don’t think we […]
“The second quarter has been one of the most challenging quarters I can remember,” said Ternium CEO Máximo Vedoya. Steel demand fell in the second quarter with steel companies in many regions shutting down blast furnaces. Ternium operations in Brazil and Argentina were able to keep operating, albeit at reduced volumes, and increased shipments to […]
In the SMU Community Chat webinar last week, Paul Terry of CRU and John Packard of Steel Market Update gave a live demo of the virtual event platform that will be the SMU Steel Summit 2020 Virtual Conference. If you missed the webinar, you can watch the live demo here. We explain networking, agenda, exhibition and […]
In the SMU Community Chat webinar last week, Paul Terry of CRU and John Packard of Steel Market Update gave a live demo of the virtual event platform that will be the SMU Steel Summit 2020 Virtual Conference. If you missed the webinar, you can watch the live demo here. We explain networking, agenda, exhibition and […]
Watch the market closely. I am hearing rumors that at least one EAF mill is trying to get flat rolled numbers up. Right now, most (not all) data providers were not supportive of higher numbers. I am hearing integrated mills are not booking a lot of spot business, and thus are able to get slightly […]
SMU Virtual Steel Summit Conference now has less than a month to go… (25 days). The SMU platform from which the conference will be hosted will be unveiled in a free webinar at 11 AM ET this morning. We added a couple new speakers to the 2020 SMU Virtual Steel Summit Conference. I added Big […]
Here is a listing of the companies registered for the SMU Steel Summit 2020 Virtual Conference as of last week. Note that those companies with an * after their name means more than one person is attending. If your company is missing, or if you have questions about your registration, please contact Events@SteelMarketUpdate.com. You can […]
Here is a listing of the companies registered for the SMU Steel Summit 2020 Virtual Conference as of last week. Note that those companies with an * after their name means more than one person is attending. If your company is missing, or if you have questions about your registration, please contact Events@SteelMarketUpdate.com. You can […]
Below is the agenda for the 2020 SMU Steel Summit Conference. For more information and to register, visit: www.SteelMarketUpdate.com/Events/Steel-Summit. Rising from the Ashes All timings are in EST and all Agenda items will be available on-demand as well as live Monday, August 24, 2020 08:00 AM How to Get the Most from the Virtual Conference: […]
Below is the agenda for the 2020 SMU Steel Summit Conference. For more information and to register, visit: www.SteelMarketUpdate.com/Events/Steel-Summit. Rising from the Ashes All timings are in EST and all Agenda items will be available on-demand as well as live Monday, August 24, 2020 08:00 AM How to Get the Most from the Virtual Conference: […]
The 2020 SMU Virtual Steel Summit Conference promises to be much like every Steel Summit Conference: large audience, exceptional networking opportunities, strong exhibition area topped off by the strongest slate of speakers we have ever put forward. If you spend the few dollars needed to attend ($350 all in if your company is an SMU […]
The 2020 SMU Virtual Steel Summit Conference promises to be much like every Steel Summit Conference: large audience, exceptional networking opportunities, strong exhibition area topped off by the strongest slate of speakers we have ever put forward. If you spend the few dollars needed to attend ($450 is full price but $350 all in if […]