Career Opportunity 12/27/2018

Sheffield Steel Products a Cleveland based Flat Rolled Steel Service Center has an opening for an “outside salesperson” or “sales group” to sell their products. We are searching for experienced outside sales professionals who are ready for a new challenge. Ideally, the successful candidate will have flat rolled steel experience with a loyal customer base.…

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Industry Update 10/31/18

Not much shake up this week… HR: Up for second week in a row, but only a buck a ton/nickel a hundred weight… CR: Drops $5/ton ($0.25/cwt) GV: Also drops $5/ton ($0.25/cwt So the price correction started around mid-July, three months ago….what has everything done? HR fallen from high of $918/($45.90), so down $87/ton ($4.35)…

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Industry Update 9/6/18

Couple of points from attending several conferences as related to the U.S. steel market: Most speakers agreed that global steel demand was slowing. However, the consensus was that demand in 2019 will be likely the same as 2019.  We have also entered an era of protectionism that is accelerating a trade war as well as…

Industry Update 8/16/18

A lot to consider in the steel market this week. Indexes showing slight drops in both HR and HDG. Additionally, CR picking a few dollars. Cleveland mill announcing a $ 30T increase on CR recently. Reflecting on that announcement is it an effort to maintain/improve the spread between CR and HR? conversely, it could be…

Industry Update 6/14/18

Indexes: Indexes saw very minimal fluctuations this week. Minor retraction in HR, minimal increases in CR and HDG. These played an effect in the CME futures space for a day with contracts losing a little steam. We shall see what that brings towards the end of the week. As additional tariff talk vs. China may…

Industry Update 5/30/18

Indexes:  HR up, CR and GV down HR:  So it dropped $10/ton last week, and it gains $10/ton this week….back up to the current high mark of $886 ($44.30) CR:  Drops $7/ton this week, resting at $1,011 ($50.55) GV:  Dips $4/ton this week, landing at $1,089 ($54.45)   Current product markets seem to be pretty…