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The Curb Exchange – 1044

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Russian Severstal Rolled Metal Shipping To Pipemaker

Special To The Packet

Russia-based steelmaker Severstal has announced that during the first half of the current year it shipped approximately 90,000 mt of rolled metal products to Russian pipemaker TMK, which is more than the volume of shipments for the entire year in 2012.

At a meeting of the coordination council of TMK and Severstal, the representatives of the two companies discussed the potential implementation of a joint project to create a delivery management system between the two companies. The project will aim to streamline all business areas, such as logistics, commercial and technical, relating to the deliveries of rolled metal products to TMK plants in order to reduce financial and time costs.

 

July Scrap Prices Maintain Flat Rolled Trends

Special To The Packet

US domestic flat rolled prices are getting increasingly closer to official mill asking prices, boosted by steady demand and a strengthening scrap market. As anticipated, a holiday week this week has resulted in minimal activity overall, but the flat rolled market’s uptrend has clearly sustained. Both hot rolled coil (HRC) and cold rolled coil (CRC)spot prices have increased another $1.00 cwt. ($22/mt or $20/nt) on the high end to $30.00-$32.00 cwt. ($661-$705/mt or $600-$640/nt) and $35.00-$37.00 cwt. ($772-$816/mt or $700-$740/nt), respectively, both ex-Midwest mill. The high end of both ranges is now only about $0.50 cwt. ($11/mt or $10/nt) shy of official mill asking prices following the third round of price increase announcements since late May.

Severstal in Lowndes County makes a variety of flat-rolled products.

 

Presley Named President Of Utilities Group

Special To The Packet

Mississippi Public Service Commissioner for the Northern District Brandon Presley was recently elected to lead the Southeastern Association of Regulatory Utility Commissioners (SEARUC) for the upcoming 2013-2014 year, as its President. Presley, who is in his second term as Northern District Public Service Commissioner, was unanimously elected at the group’s recent annual conference in Asheville, North Carolina. Presley succeeds North Carolina Commissioner Tonola Brown-Bland. SEARUC is comprised of Public Service Commissioners from the eleven southeastern states and Puerto Rico.

“It is an honor to be chosen to lead such a prestigious group as SEARUC. Southeastern states share many of the same issues and challenges to protect the public interest, save consumers money and bring services to our constituents.” Presley said. “It is particularly important for SEARUC to continue to be the unified voice for our region of the nation. I look forward to working with my colleagues to carry on that tradition.”

Presley is a native of Nettleton where he served as the city’s youngest mayor. He is a cousin of Elvis Presley and is the nephew of former Lee County Sheriff, the late Harold Ray Presley.

 

Closed For The Summer

Wendy’s on Highway 45 closed its doors. Garth Services is tearing down the old building and Wendelta out of Memphis will be building a new Wendy’s. The restaurant should be reopening in the fall of 2013.

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