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Steel Success Strategies XXXIII



AMM and WSD's Steel Success Conference in New York featured presentations and panels from top executives in the metals industry.

Hedging said to support rates, margins
Jun 29, 2018 | Grace Lavigne
NEW YORK — Companies in the ferrous value chain that successfully hedge in the current volatile price environment will be at an advantage over their competitors thanks to better financing rates and stable profit margins, according to panelists at the Steel Success Strategies XXXIII conference. (Read more)

Metinvest reaps pig iron benefits after 232
Jun 29, 2018 | Nat Rudarakanchana
NEW YORK — Metinvest Group has benefitted indirectly from the United States' Section 232 steel tariffs, with pig iron prices and volumes exported from Ukraine to the US improving, the company’s top executive said. (Read more)

GFG eyes steel long assets, mulls scrap strategy
Jun 28, 2018 | Nat Rudarakanchana
NEW YORK — GFG Alliance is eyeing what it calls “higher value” steel long products rather than flat-rolled products for potential US acquisitions, a top executive told American Metal Market.  (Read more)

232 an opportunity, but downturn inevitable: analysts
Jun 27, 2018 | Patrick Fitzgerald
NEW YORK — While the Section 232 tariffs are expected to have a net positive impact on the US steel industry, the overall market environment will hit an inevitable downturn once the current bullish dynamics shift, financial industry analysts warned.  (Read more)

Prime-obsolete scrap spread to stay tight: DJJ
Jun 27, 2018 | Nat Rudarakanchana
NEW YORK — The American Iron and Steel Institute (AISI) has maintained a positive outlook on President Donald Trump’s promised infrastructure investment, according to its top executive, but plans to act on that goal still face some obstacles in the near term.  (Read more)

AISI ‘cautiously optimistic’ on infrastructure
Jun 27, 2018 | Patrick Fitzgerald
NEW YORK — The American Iron and Steel Institute (AISI) has maintained a positive outlook on President Donald Trump’s promised infrastructure investment, according to its top executive, but plans to act on that goal still face some obstacles in the near term.  (Read more)

Cliffs ahead of plan on Toledo HBI plant: CEO
Jun 27, 2018 | Michael Cowden
NEW YORK — Construction at Cleveland-Cliffs’ $700-million hot-briquetted iron (HBI) plant in Toledo, Ohio, is under way and ahead of schedule, the company’s top executive said on Wednesday June 27.  (Read more)

Lobby Trump, aggrieved downstream buyers told
Jun 27, 2018 | Dom Yanchunas
NEW YORK — Steel and aluminium purchasers in the United States who feel cheated by the Section 232 tariffs should take the matter up with President Donald Trump, who likely would be sympathetic, according to a trade attorney who represents domestic producers.  (Read more)

Algoma's CCAA exit near; investments eyed: CEO
Jun 27, 2018 | Michael Cowden
NEW YORK — Algoma will likely emerge from bankruptcy protection within a matter of weeks, the company’s top executive said.  (Read more)

232 squeeze to boost steel prices, execs say
Jun 27, 2018 | Michael Cowden
NEW YORK — The steel market in the United States has only just begun to feel the impact of the Section 232 tariffs on prices for the product, according to North American steel industry executives.  (Read more)

GFG seeks 5 mln tpy of US steel capacity
Jun 26, 2018 | Nat Rudarakanchana 
NEW YORK — GFG Alliance is seeking to obtain 5 million tons per year of steel capacity in the United States within the next two to three years, primarily via acquisitions and the restoration of dormant brownfield facilities, executive chairman Sanjeev Gupta said on Tuesday June 26.   (Read more)

JSW investment drive to target 'niche' markets
Jun 26, 2018 | Nat Rudarakanchana 
NEW YORK — JSW Steel (USA) plans to spend up to $1 billion on major investments in the United States, including $500 million to install a hot end at its Baytown, Texas, plate mill and $500 million in an acquisition and associated investments at the Acero Junction mill in Ohio, the company’s top executive said.  (Read more)

HRC may plunge by $200/mt by year-end: WSD
Jun 26, 2018 | Dom Yanchunas
NEW YORK — Domestic hot-rolled coil (HRC) prices in the United States will decline by an estimated $200 per tonne by the end of 2018, according to a forecast by World Steel Dynamics Inc (WSD). (Read more)

Nucor weighs W Coast flat-rolled mill: Ferriola
Jun 26, 2018 | Michael Cowden
NEW YORK — Nucor is mulling a flat-rolled mill on the US West Coast and might consider a second direct-reduced iron (DRI) facility in Louisiana, the company’s top executive said on Tuesday June 27. (Read more)

 

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