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John Packard, President & CEO of Steel Market Update
Andre Marshall, President and Founder of Crunch Risk, LLC
SMU Community ChatJuly 15, 2020
Starting at 11 AM Eastern
SteelMarketUpdate.com/Blog/SMU-Community-Chat-Webinars
July 22 – SMU Proprietary Products & Survey
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SteelMarketUpdate.com/blog/SMU-Community-Chat-Webinars
On Wednesday, July 22nd Steel Market Update founder and CEO will provide details regarding the results from our latest flat rolled and plate steel survey.
We will also discuss the results of the just completed analysis of service center shipments, inventories and steel on order and what we believe our results means for the market.
John Packard has 43 years of experience in the industry, with 31 of those years as an active seller of flat rolled steel.
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SMU NexGen Leadership Award
We are pleased to announce the 2nd annual SMU NexGen Leadership Award, sponsored by the Steel Manufacturers Association. The Award is designed to recognize and celebrate the excellence of emerging leaders within the greater steel community.
SMU is dedicated to helping businesses recruit, train and retain the next generation of talent. Any young motivated employee under the age of 35 who is currently employed by an organization that utilizes carbon steel as part of its core business function is eligible for this award.
This is a great opportunity to shine the light on the hard work of the people in your organization, and celebrate it with the greater steel industry.
The winner will get: a mentorship day with Chuck Schmitt, President of SSAB Americas; a free pass to a SMU Steel 101 Workshops; and a free pass to the next SMU Steel Summit.
Nomination details will be announced by SMU in the coming days.
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Steel Summit Conference Speakers
Steel Mill CEOsDavid Burritt, U.S. SteelMark Millett, Steel DynamicsLeon Topalian, NucorLourenco Goncalves, Cleveland-Cliffs/AK SteelMaximo Vedoya, Ternium
Economists & AnalystsDr. Alan Beaulieu, ITR EconomicsJohn Anton, IHS MarkitTimna Tanners, Bank of AmericaPaul Lowrey, Steel Research AssociatesKen Simonson, Associated General ContractorsSteven Brown, Fitch RatingsRyan Smith, CRUChris Houlden, CRUJosh Spoores, CRU
Steel BuyersTom Valvo, MiTekFrank Ruane, Olympic SteelSteve Sukup, Sukup Manfacturing
Industry ExpertsRick Preckel, Preston PipeMichael Setterdahl, GFG AlliancePhilip Bell, Steel Manufacturers AssociationJose Gasca, Metrading International AGRyan McKinley, CRULewis Leibowitz, The Law Offices of Lewis E.
Leibowitz
Special Program on Youth and the Industry
Ryan Avery, AveryToday, Inc.Todd Leebow, Majestic SteelJim Vincent, Big Ass FansDavid Everett, Hamline University
Special Program on 2020 Presidential & Congressional Elections
Dr. David Schultz, Hamline University,University of Minnesota Law School
Your HostJohn Packard, Steel Market Update
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Steel Summit Attending Companies
3GM Steel3VC Consulting LLCAADG, Inc.A. B. Martin Roofing Supply, LLC*Acero Prime*ALCOS Machinery*Alliance Steel*Alro Steel*Ameristar Perimeter SecurityAndes Coil Processors*Andritz ASKOAOC Metal WorksArcelorMittalArcosaArrowhead SteelASSA ABLOY*Associated General ContractorsAveryToday, Inc.Bank of America Merrill Lynch*Beaver Steel Services, Inc.Berg Steel Pipe Corporation*Big Ass Fans*Big River Steel*Bilstein Cold Rolled SteelBlueScope Steel Americas*Bloom EngineeringBMO Harris Bank*BofA Securities
Brock Grain Systems (a division of CTB, Inc)Carlisle Construction MaterialsCaterpillar Mexico S. de R.L. de C.V.Central Steel & WireChore Time (a division of CTB, Inc)Cleveland Steel ContainerCleveland Cliffs/AK SteelCME*Conklin Metal Industries, Inc.*Crowe LLP*CRU*Daikin*Deutsche Bank*Deutsche Bank Securities Inc.Doosan Bobcat*Dux ManufacturingDynamic Metals Inc.*Emerson Electric Co.*EXANE SA London BranchFCA US LLCFelux*Feralloy Corporation*Ferrous Metal ProductsFitch RatingsG&W Products, LLCGeneral Stamping & Metalworks*Goldman Sachs*
Heating and Cooling ProductsHeidtman Steel*Hirsh Industries, LLC*Honda Of AmericaHSM – HS MetalWorks*Illinois Tool Works (ITW)*Imperial Manufacturing Group*International MillITR EconomicsJFE Shoji Trade America Inc.*Kenwal*Klauer Manufacturing Company*Klein SteelKomatsu Mining Corp.Laminar MetalsLeeco Steel LLCLennox International*Liberty House GroupLindeLozier CorporationLuminus ManagementMagic Coil*Magic Coil Products*Majestic Steel USAMaterial Sciences Corporation*McNeilus Steel Inc.*Medtrade Inc.*Metontec Limited
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* denotes those companies sending more than one attendee
Steel Summit Attending Companies
Metal Edge Partners LLCMetal Supermarkets Service CompanyMetrading International AGMid West Materials*Midwest Pipe & Steel, IncMill Steel Company*MISAMiTek Inc.Mitsui Steel Inc*Mittal SteelMobius Risk Group, LLC*Morrison ProductsMSCINew Process Steel*NLMK USANorth American Steel AllianceNorth Shore Steel*North Star Bluescope Steel*Northview AdvisorsNucor Corporation*Nucor / Republic ConduitNucor SteelOlympic SteelO'Neal Steel, Inc.*Optima Steel International, LLC.Oshkosh Corporation*
Pacific Metals Trading Inc.*Paragon Steel*Phillips 66Phoenix Steel Service, Inc.Ports AmericaPOSCO AmericaPreston PipePriefert Manufacturing*Quality EdgeRailroad Friction Products CorpRed Bud Industries*Reibus International*Reliance Steel and AluminumRio Tinto Services Inc.Rocky Mountain InstituteRussel MetalsRyerson Steel*Ryerson Holding Corporation*Samuel, Son & Co.*Sector 3 Appraisals Inc.SES, LLC*Shivom Jay Steels International, LLCSouthwark MetalSSABSteel and Pipe SupplySteel Manufacturers Association (SMA)
Steel Research AssociatesSteel Technologies*Steel Warehouse Co., Inc.StelcoSukup ManufacturingSuperior Steel Supply, LLCTernium Mexico, S.A. de C.V.Ternium USA, Inc*The Law Office of Lewis E. LeibowitzTimpte, Inc.*Tokusen USA, Inc.Triad MetalsTrinity Industries*TrueNorth SteelU.S. Geological SurveyUnited States Steel CorporationUniversity of MinnesotaUniversity of WashingtonValmont Inc.*Vicwest Building ProductsWallner Expac Inc.Westman Steel IndustriesWeyland GmbHWhirlpool Corp.Zeeco Metals Inc.
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* denotes those companies sending more than one attendee
SMU Hot Rolled Price Index
$450
$500
$550
$600
$650
$700
$750
Q12019
Q3Q2 Q4 Q2Q12020
Q3
© Steel Market Update 2020
SMU
Ho
t R
olle
d In
dex
($
/Net
To
n)
$460
Steel Prices
9
37%
53%
10%
Prices will stall at current levels
Prices will rise
Prices will continue to slide
© Steel Market Update 2020
Steel prices seem to have stalled, and begun to fall back on flat rolled. Where do you see prices heading over the next 30 days?
8%
65%
27%
June 26, 2020 July 10, 2020
Economic Pause Necessary?
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© Steel Market Update 2020
Are you, or your company, concerned about the rising numbers of COVID-19 cases in the south and southwest, and do you think another "pause" in the economy will be necessary?
39%
61%
Yes No
Andre Marshall – Crunch Risk
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SteelMarketUpdate.com/blog/SMU-Community-Chat-Webinars
Andre Marshall is the President and Founder of Crunch Risk, LLC. Andre has over 25 years of commodity trading and financial risk management experience. Prior to forming Crunch Risk in 2005, Andre helped start Koch Supply & Trading's metals trading business, primarily responsible for the development of the client franchise. Andre is the instructor for Steel Market Update’s Managing Price Risk workshops. Crunch Risk is licensed with the NFA as an Introducing Broker and Andre also holds a Series 3 license
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Thank You
Thank you for attending our SMU Community Chat Webinar.
A special thank you to Mr. Marshall for his participation in today’s community chat.
Our next webinar will be Wednesday, July 22nd at 11 AM ET.
To contact John Packard – [email protected]
To contact Andre Marshall – [email protected]
For information about subscribing to SMU contact Paige Mayhair at [email protected]
Stay safe and stay tuned to Steel Market Update.
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When you need answers… www.SteelMarketUpdate.com
