VP of Business Development Metals for Argus Media. Views expressed are my own.
Pittsburgh, PA
Joined May 2015
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Excited to sit down with @ZekelmanInd CEO Barry Zekelman. It was great hearing how he was able to transform a struggling family business into the largest independent pipe and tube manufacturer in N. America. Check out @argus_metals for more news and insights.
#steel
๐๏ธWe welcome Barry Zekelmanย Executive Chairman and CEO of the largest independent steel pipe and tube manufacturer in North America in this first episode of our special Metal Mover series,ย The Breakout.ย okt.to/7YPRkv #ArgusMetals
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Argus US HRC prices dipped to their lowest level of the year below $700/ton, against a backdrop of a looming UAW strike. Timing and structure of potential strike will decide the impact on steel prices.
bloomberg.com/news/articles/โฆ via @business
Day two at Global Steel Dynamics Forum. @NucorCorp CEO Leon Topalian takes the stage to discuss the companyโs ongoing investments, focus on decarbonization and production capabilities of EAF for auto quality steel.
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Steel Dynamicsโ CFO Theresa Wagler notes the companyโs decarbonization plan is driven by 3 main factors: regulations, investors & customers. Funding availability may also be a driver for others as banks could restrict lending based on emission standards. #GlobalSteelDynamicsForum
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Exciting to see Argus ferrous scrap prices get used for indexation in industrial accounts. More and more market participants view Argus as an essential index provider for physical contracts. #steel #scrap #Commodities
argusmedia.com/en/news/24267โฆ
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lnkd.in/gN_k9tYR
Latest white paper put together on the US hot-rolled coil market for @argus_metals @ArgusMedia
Looking to be an early adopter of @ArgusMedia Global Steel? Through Jan. 20 we are offering interested parties the chance to get free access for up to six weeks. It will includes benchmark prices, news alerts & customizable workspaces. Follow link below:
view.argusmedia.com/GlobalStโฆ
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Update on the webinar (available on demand) from the beginning of the month.
๐ ๐๐น๐ผ๐ด ๐ฝ๐ผ๐๐ | ๐ช๐ต๐ผ'๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฑ๐ฟ๐ถ๐๐ฒ๐ฟ'๐ ๐๐ฒ๐ฎ๐: ๐จ.๐ฆ. ๐๐๐ฒ๐ฒ๐น ๐ฎ๐ป๐ฑ ๐๐ฐ๐ฟ๐ฎ๐ฝ ๐ฑ๐๐ป๐ฎ๐บ๐ถ๐ฐ๐
By Michael Fitzgerald: okt.to/m1JNnE | #ArgusMetalsย #scrapย #pigironย #ironย #metals
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There is still time to register for this week's webinar. Blake Hurtik and I will be discussing some key pricing fundamentals in the US steel and scrap markets. The event is free and will be on Thursday, Dec. 1.
Register here: lnkd.in/gNZ8sn9k
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Join Argus on December 1 as myself and Blake Hurtik examine key spreads on steel and raw materials in the US market and discuss things to look out for heading into 2023.
view.argusmedia.com/US_Steelโฆ
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If you went to the pump & saw premium fuel prices less than regular unleaded, why wouldn't you fill your tank with the higher quality gasoline? This is similar to what we are seeing in the US ferrous scrap markets, with prime grades at or below shredded scrap. Read more below:
๐ ๐๐น๐ผ๐ด ๐ฃ๐ผ๐๐ | ๐๐ฎ๐๐ ๐ฎ๐ป๐ฑ ๐ก๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ผ๐๐ป๐ฑ๐๐ฎ๐ฏ๐น๐ฒ๐: ๐๐ฆ๐ฅ๐ ๐๐ต๐ถ๐ฐ๐ฎ๐ด๐ผ ๐ฎ๐ฌ๐ฎ๐ฎ
By Michael Fitzgerald: okt.to/a4Dd6v
#ArgusMetals #scrapmetalย #ferrousscrapย #ferrous
Exciting time to have Pipe Logix joining the Argus metals offerings! The OCTG markets continue to be extremely strong in the US and Pipe Logix has leading price assessments, analysis and forecasts needed in the space.
๐ฃ๐ฟ๐ฒ๐๐ ๐ฟ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ: #ArgusMedia has acquired Pipe Logix, a provider of #pipeandtube market information; customers include #steel mills, pipe manufacturers, #oilandgas companies, pipe distributors and financial investors.
Read in full okt.to/OLZns8
Rising export prices to Turkey has narrowed the gap below $100/mt to US shredded scrap prices, providing a sentiment boost to domestic sellers heading into July trading this week.
Michael Fitzgerald retweeted
In the financial world, all eyes are on the Federal Reserve and the interest rate hikes they are about to impose in the name of tamping down inflation. Worth looking back at what that fight against inflation meant to Pittsburgh... 1/? ๐งต
Booked in March - Arrives in June. How US steelmakers reacted to massive supply shock from Russia's war with Ukraine starting to become more evident.
US lands first Chinese pig iron cargo since 2010 spglobal.com/commodityinsighโฆ
Changing gears: Steel's shift to price indexation storymaps.arcgis.com/storiesโฆ #StoryMaps via @ArcGISStoryMaps
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Michael Fitzgerald retweeted
Steelmaker SDI says to halt Russian #pigiron imports after May cargo | okt.to/vdfYLi
Michael Fitzgerald retweeted
US #metals pricing has soared on geopolitical events, supply chain strains and overall uncertainty | okt.to/tHGNrU
Russia, Ukraine accounted for 62% of American #pigiron imports in 2021. The war has removed significant supply of this feedstock for US-based steelmakers.
$CLF Cleveland-Cliffs applied for an air permit for an EAF in Ohio. A company spokesperson said it was "a possibility for a distant future."
Their CEO on distant futures from Q1 2021 call: "There is only one certainty about 2060, all of us that are on this call will be dead."