Spoores will speak during the second day of the conference about the current trends and outlook for domestic and imported flat rolled steel and coated products. “Steel prices are facing heavy pressure and stand a high chance of experiencing a correction,” says Spoores. “Prices are being supported by the recovery and low inventories in the supply chain. Excess production is a factor and we are seeing some demand reductions. Slowing demand in China, for instance, is causing some traders and distributors to destock.”
Spoores has closely watched the steel market for Majestic Steel USA for the last five years and recently launched The Spoores Report, a newsletter that monitors industry trends and measures a number of key factors, including raw material pricing, domestic steel production, import levels, industry demand and economic conditions to provide steel buyers with a detailed overview of the direction of the steel market.
“As we follow the gyrations of the economy, it is important for both steel producers and customers to have a firm understanding of what is really taking place in the market. Demand for steel depends on the economic recovery taking hold and clearly certain segments of the industry will recover more quickly,” notes Spoores. “We closely monitor not only pricing moves, but also supply trends. Our goal is to be certain that we are the most reliable supplier in the market.”
New On-Demand Learning Center for CNC Programmers
ESPRIT debuts an online, self-paced, learn-anywhere series of e-courses that guide users through numerous machine models and part models to introduce users to different machining processes in ESPRIT.
James Kim Named CEO of Doosan Machine Tools America
With 18 years of director and vice president roles invested in the U.S. operations, Kim has served at Dooson for a total of 37 years. He’s known for establishing trust and building authentic relationships.
Manufacturing Industry Invited to Take Reshoring Survey
AMT and the Reshoring Initiative will use the survey results to identify which processes, products and components face the most pressure from imports and which offer the biggest opportunities to reshore. Part of AMT’s “Rebuilding the Supply Chain” initiative, the survey is open to OEMs, job shops, technology suppliers and distributors through the end of February.