Steel Products
March 2, 2021
SMU CEO Discusses Clean Steel & More
Written by John Packard
John Packard founded Steel Market Update in 2008 after spending 31 years actively selling steel in the service center, steel mill and trading company segments of the industry. He is currently President & CEO of Steel Market Update which was sold to CRU in 2018. Steel Market Update is a leader in collection of market intelligence which includes steel prices (hot rolled, cold rolled, galvanized, Galvalume and plate steels), ferrous scrap prices along with supply, demand and other pertinent information impacting buyers and sellers of steel within North America. The following article was published in the Steel Market Update newsletter on Tuesday, March 2nd.
In my opinion, the United States will soon join the rest of the world to reduce greenhouse gas emissions with a special emphasis on carbon. The steel industry is a carbon-intensive segment of the economy and anyone associated with the industry (manufacturers, distributors, etc.) will have to learn how “Clean Steel” and the ways of managing the environment through “Carbon Border Taxes” and other means are going to impact the way companies do business.
