SDI Selects Texas For Mill Site
“Our preferred clients get a lot more value from us other than being able to supply a piece of steel.” Adam Osborn, President Ace Steel Supply On July 22, Steel Dynamics Inc (SDI) selected Sinton, Texas, as the site for their “new state-of-the-art, electric-arc-furnace (EAF) flat roll steel mill.” Sinton is located approximately 30 miles […]
Continue readingHRC Stable With Rumors Of 3rd Mill Hike
“It doesn’t matter what the company sells, if they sell cheap, they cut corners to be able to make money.” Adam Osborn, President Ace Steel Supply Domestic mills have stabilized hot-rolled coil prices and are looking to increase the price further with a 3rd mill hike. HRC lead times are averaging four to six weeks […]
Continue readingTrump’s Buy American Rules
On Monday July 15, United States President Donald Trump signed an executive order designed to increase the use of American-made products and materials. This is the third order of his Buy American plans. Peter Navarro, White House trade adviser wrote on Monday, “With Monday’s signing of ‘Buy American III,’ President Trump has moved towards increasing […]
Continue readingMexico Reported To Be Dumping Steel
According to a July 8 statement by the US Commerce Department, China and Mexico have dumped fabricated steel exports into the United States. The American Metal Market (AMM) reported, “The US Commerce Department has issued affirmative preliminary determinations in the countervailing duty investigations of fabricated structural steel imports from China and Mexico.” Commerce stated that […]
Continue readingCollaborating With Your Accounting Department
Recently, in our July Metal Mania Newsletter, Bruce Margolin, Chief Operating Officer of Ace Steel Supply wrote an informative article, which can benefit your business. In case you missed it, I’ve included the article below in its entirety. COLLABORATING WITH YOUR ACCOUNTING DEPARTMENT Purchasing and Supply Chain personnel most likely deal with the buying organization’s […]
Continue readingJuly 2019 Newsletter
July 2019 Newsletter This month’s Ace Steel Supply Metal Mania newsletter is packed with news and interesting articles. Bruce offers metals market and business news, Barbara has news from our pet charity, Chances Dog Rescue, and Kara has travel tips. Our goal is to keep you informed and entertained. Click this link to learn how […]
Continue readingFreedom To Choose
The Freedom To Decide “Think about the value of your time, the people who work for you and the value of their time.” Adam Osborn, President Ace Steel Supply With July 4th coming up it’s a good time to celebrate our freedom of choice. In the United States of America it’s easy to take our […]
Continue readingSDI Approved For Tax Incentives
On June 5, the Texas Comptroller’s Office reported SDI has qualified for tax incentives in San Patricio County. Steel Dynamics (SDI) is looking to build a $1.8 billion flat roll steel mill in Sinton, TX, although they’ve also considered other sites in Louisiana and Texas. This development has been the latest step to encourage SDI […]
Continue readingEco-Duties On Steel Imports
Recently, there has been news out of Europe that shows the far reaching effect of Section 232. The European steel association, Eurofer, says their steelmakers are facing higher pressure from steel imports because of US Section 232. European steel import volumes have doubled from 2013 levels. In response to the threat, the European Commission (EC) […]
Continue readingThe Importance Of Cash Flow To A Strong Business
“Track your cash flow and know your business financial status. It’s a big deal, don’t just take orders and hope you have enough cash.” 7 Secrets Your Steel Suppliers Won’t Tell You, Adam Osborn The inability to manage cash flow in business will lead to certain failure. There are a few basics to manage cash […]
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