Steel Industry continues to go through a transformation as part of making sustainable product as well as ways to reduce cost.
The new president that is putting more emphasis on US jobs could also lead to more and more business investment in sector like Steel.
2. Paul Young - Bio
• CPA, CGA (1996)
• Academia (Public Finance, Advance
Accounting, Advance Information
Systems and Advance Finance)
• Financial Solutions
• SME – Internal Controls and Testing
• SME – Risk Management
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Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
4. Steel's Soaring Profit Not Good Enough as China
Worries Grow
• Source - http://www.industryweek.com/growth-strategies/steels-soaring-profit-not-good-enough-china-worries-grow?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+IWNews+%28IndustryWeek+Most+Recent+News%29&sfvc4enews=42&cl=article_5&NL=IW-
07
We would not expect that consensus estimates for 2017 will change significantly,”
said Carsten Riek, an analyst at UBS Group AG in London. “Especially after market
fears that oversupply and an increase in imports could put pressure on steel prices
and margins in second half 2017.”
ArcelorMittal fell as much as 7.6%, the biggest intraday decline since June, and
traded 5.8% lower at 6.81 euros at 12:44 p.m. in Amsterdam. Thyssenkrupp fell
2.6% to 21.69 euros.
Steelmakers have seen profit buoyed with metal prices at the highest in more than
two years in key markets such as the U.S. and Europe. The rally was spurred by
rising demand and a curb in record Chinese exports that had dented prices across
the globe.
Bloomberg – May 12, 2017
5. Steel rises with iron ore in China amid new crackdown
Source - https://www.businessdayonline.com/manufacturing-woes-persist-growth-slumps-textile-steel-
chemicals-industries/ or http://www.reuters.com/article/us-asia-ironore-idUSKBN1860TW
Shanghai steel futures rose for a third straight day on Wednesday,
supported by worries over tighter supply after China's leading steel-
producing city launched a fresh campaign to improve air quality.
Tangshan in northern Hebei province said steel mills that fail to
meet emission standards face suspension and heavy fines. The
campaign runs from May 9 to 31.
The most-active rebar on the Shanghai Futures Exchange closed
up 2.5 percent at 3,077 yuan ($446) a ton.
Reuters - By Manolo Serapio Jr | MANILA – May 10, 2017
6. Steel Industry, Seeing a New Dawn, Is Cheering
for Trump
Source - https://www.nytimes.com/2017/05/11/business/economy/steel-
nucor-trump-policy.html?_r=0
“If you could design a perfect administration from the perspective of the steel industry,
this would be it,” said Thomas Gibson, president of the American Iron and Steel
Institute, ticking off the president’s promises to hack away regulations and lower taxes,
while fending off foreign competitors and embarking on a “Buy America” building
program.
Even before a single presidential vote was cast, American steel makers had been
buoyed last year by record automotive sales and a series of penalties slapped on foreign
producers like China for illegally dumping subsidized steel in the United States. “We
expect our sheet and plate steel mills will benefit from trade actions taken over the last
year,” said John Ferriola, Nucor’s chief executive.
New York Times – May 11, 2017
7. Shaping Steel Industry Future
Source - https://www.forbes.com/sites/mitsubishiheavyindustries/2017/05/10/shaping-the-future-of-
the-u-s-steel-industry/#127b86306ced
Each year, the U.S. economy consumes roughly 120 million tons of finished steel.
Although steel has been around for a long time, more than 75% of today’s steel types were
developed in the past two decades.
Each year, the U.S. economy consumes roughly 120 million tons of finished steel. Vehicles,
household appliances, agricultural equipment, eating utensils and, yes, even the device on
which you’re reading this article – all are made, in part, from steel.
The material that forms the backbone of iconic structures like the Golden Gate Bridge and the
Empire State Building was first mass produced to construct railroads in the late 1800s. Since
then, the steel industry has made incredible strides in reducing the amount of energy required
for production. Just since 1990, the North American steel industry has achieved a 32 percent
reduction in energy usage and a 37 percent reduction in greenhouse gas emissions.
Satoru IijimaSatoru Iijima, Mitsubishi Heavy Industries – May 10, 2017