Hot off the Press - An Expert Look at the Metal and Steel Industry with Josh Spoores from CRU Group

Metal Steel Manufacturing Podcast

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Expert Josh Spoores shares his valuable insights on the current trends and challenges in the metal and steel industry in a recent conversation with Greg Sheldon.
From the impact of government regulations to environmental concerns and the shift towards cleaner energy, find out what's in store for the steel industry's future.
Discover more about the importance of relationships and technology in shaping the industry's path forward.
Watch the full episode https://youtu.be/Nll8yokPl8k
Josh Spoores profile - https://www.linkedin.com/in/josh-spoores-commodity-analyst/
Key Highlights:
Josh Spoores heads up steel market analysis and forecasting at CRU Group and provides expert insights on the current trends and challenges in the steel industry, covering topics such as supply and demand dynamics, industry regulations, the impact of COVID-19, and environmental concerns.
The steel demand is expected to continue growing in the coming years, with a shift from China to other countries such as Southeast Asia, India, Africa, and the Middle East.
Regulations are a significant factor in the steel industry, particularly in China, where the government has tightened environmental regulations. The regulations have led to a decline in steel supply and a rise in steel prices.
The COVID-19 pandemic has significantly impacted the steel industry, disrupting supply chains and creating market volatility. Josh noted that the pandemic had exposed the vulnerabilities of the supply chain.
Environmental concerns have become a significant issue in the steel industry, with the industry focusing on reducing emissions and adopting more sustainable practices.
The steel industry has faced challenges for decades, and the current global pandemic has only added to the existing issues. However, Josh believes the industry has survived in some cases, attributing this to the resilience and adaptability of the industry, as well as advancements in technology.
The impact of tariffs on the steel industry has been significant, with the focus on China as the main target of the tariffs being misplaced. The industry needs to focus on developing a viable steel-making industry that can support itself rather than relying on tariffs to protect it.
The industry should develop new technologies and practices to support sustainability and reduce emissions. Relationships will continue to be a critical part of the industry, and companies need to find ways to build strong partnerships in the digital age.

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