Tag: Steel Manufacturers Association

SMA President Sets the Record Straight in Steel Market Update

“The American steel industry’s emissions profile is the envy of the world, owing largely to the scrap-based steelmaking that makes up nearly three-fourths of US capacity,” SMA President Philip K. Bell writes in the latest newsletter from Steel Market Update. “That’s why we have been surprised in recent days to encounter claims that the United […]

SMA President Quoted in S&P Global Market Intelligence on the Benefits of CHIPS Act

SMA President Philip K. Bell tells S&P Global Market Intelligence that the CHIPS Act will drive new demand for steel by increasing manufacturer confidence in supply chains. “I think where you’re going to see the most [impact] is in supply chain resiliency and predictability,” Bell says, adding that a reliable supply of semiconductors is crucial […]

Sustainability the Theme for 2024: SMA President in Steel Times International

The January-February issue of Steel Times International features SMA President Philip K. Bell’s insights on the outlook for American steel. “Sustainability will be the watchword for American manufacturing in 2024 and beyond,” he writes. Read the article at U.S. Steelmaking: Opportunities Ahead.

Mexico Import Surge: SMA President Quoted in Inside U.S. Trade

SMA President Philip K. Bell told Margaret Spiegelman of Inside U.S. Trade that U.S. and Mexican negotiators could be closer to achieving an agreement that would address U.S. concerns about an unfair rise in steel imports from Mexico. “For us to get to yes, there has to be more cooperation on the side of Mexico,” […]

SMA President Quoted in Steel Market Update

A new EPA air quality rule that tightens limits on the smallest particulate matter in air could undercut the Biden administration’s industrial policy and harm steel manufacturers, according to an article in Steel Market Update. In “Stricter EPA air-quality standards could hit steel,” Ethan Bernard explains that it could become difficult to operate steel mills […]

SMA Statement on EPA’s New PM2.5 Air Quality Rule

WASHINGTON — The U.S. Environmental Protection Agency today announced a new air-quality rule that could harm steel manufacturers and workers, reduce economic growth, and slow the implementation of major capital investments. The rule, Reconsideration of the National Ambient Air Quality Standards for Particulate Matter, tightens restrictions on emissions of particles smaller than 2.5 micrometers in […]

SMA Board of Directors Tackles Public Policy Priorities

Meeting last week in San Antonio, Texas, the SMA Board of Directors approved a budget for 2024, heard an economic forecast that focused on the outlook for manufacturing, and discussed public policy priorities. SMA Chairman Ty Garrison, a senior vice president at CMC, presided over the meeting, which included representatives from 19 member companies. Garrison […]

SMA Member Named a Best-Run Company by Wall Street Journal

SMA member Nucor was named one of America’s best-run companies in the Wall Street Journal’s annual Management Top 250. The ranking reflects company performance across multiple measures, including employee satisfaction, customer satisfaction, and financial strength. Read more (subscription required): https://www.wsj.com/business/microsoft-best-managed-company-2023-4ef9ac92

SMA President Quoted in Inside U.S. Trade

Speaking at a press conference coinciding with the SMA Board of Directors meeting in San Antonio last week, SMA President Philip K. Bell addressed the challenge of a surge in steel product imports from Mexico. From Inside U.S. Trade: In a call with reporters on Thursday, Steel Manufacturers Association President Philip Bell reiterated those concerns […]

SMA Sends Letter Supporting PROVE IT Act

The Steel Manufacturers Association has sent a letter to the chairman and the ranking member of U.S. Senate Committee on Environment and Public Works urging them to support the Providing Reliable, Objective, Verifiable Emissions Intensity and Transparency (PROVE IT) Act. The PROVE IT Act is designed to compare the carbon intensity of U.S. products, including […]