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.”
Factory Robots Hit Record 2.7 Million Globally
New installations have been down in the U.S., Europe, and China, due to slowdowns in automotive and electrical/electronic sectors, and Covid isn’t helping –– nevertheless, the number of industrial robots operating today has never been higher.
CenterLine Receives 2020 National Manufacturing Leadership Award
The company’s robotics simulations draw winning accolades in NAM’s Engineering and Production Technology category.