Michael Fitzgerald @SteelFitz
VP of Business Development Metals for Argus Media. Views expressed are my own. Pittsburgh, PA Joined May 2015-
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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/… via @business
Day two at Global Steel Dynamics Forum. @NucorCorp CEO Leon Topalian takes the stage to discuss the company’s ongoing investments, focus on decarbonization and production capabilities of EAF for auto quality steel.
Steel Dynamics’ CFO Theresa Wagler notes the company’s 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
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/242677…
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/GlobalSteel.ht…
Update on the webinar (available on demand) from the beginning of the month.
📝 𝗕𝗹𝗼𝗴 𝗽𝗼𝘀𝘁 | 𝗪𝗵𝗼'𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗱𝗿𝗶𝘃𝗲𝗿'𝘀 𝘀𝗲𝗮𝘁: 𝗨.𝗦. 𝘀𝘁𝗲𝗲𝗹 𝗮𝗻𝗱 𝘀𝗰𝗿𝗮𝗽 𝗱𝘆𝗻𝗮𝗺𝗶𝗰𝘀 By Michael Fitzgerald: okt.to/m1JNnE | #ArgusMetals #scrap #pigiron #iron #metals
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
@MaximoVedoya moderating the @RedAlacero Summit panel including GM Mexico CEO discussing sustainable mobility in Monterrey.
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_Steel_and_S…
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:
📝 𝗕𝗹𝗼𝗴 𝗣𝗼𝘀𝘁 | 𝗗𝗮𝘆𝘀 𝗮𝗻𝗱 𝗡𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲𝘀: 𝗜𝗦𝗥𝗜 𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝟮𝟬𝟮𝟮 By Michael Fitzgerald: okt.to/a4Dd6v #ArgusMetals #scrapmetal #ferrousscrap #ferrous
@argus_metals Blake Hurtik presenting at today’s @ISRI ferrous roundtable event in Chicago.
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.
𝗣𝗿𝗲𝘀𝘀 𝗿𝗲𝗹𝗲𝗮𝘀𝗲: #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.
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/? 🧵
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/commodityinsig…
Changing gears: Steel's shift to price indexation storymaps.arcgis.com/stories/33a89e… #StoryMaps via @ArcGISStoryMaps
Steelmaker SDI says to halt Russian #pigiron imports after May cargo | okt.to/vdfYLi
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.
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