Nick’s Metal Market Scorecard: Hits, Misses, and What’s Ahead

13/12/2024 55 min Episodio 15
Nick’s Metal Market Scorecard: Hits, Misses, and What’s Ahead

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Episode Synopsis


In this episode of Cup o Joe, Nick and Mike take a trip down memory lane, revisiting six bold metal market predictions Nick made at the start of the year. From steel pricing trends to shifts in global demand, they dissect what came true, what missed the mark, and what surprised everyone.But it doesn’t stop there—Nick offers a glimpse into the road ahead, diving into the buzz around potential tariffs and the impact of looming interest rate cuts on the metals industry. Are these the key to stabilizing the market, or will they stir up more uncertainty? Grab your cup o joe and tune in for insights, analysis, and a healthy dose of market wisdom!Check out the Cup o Joe homepage! https://www.ryerson.com/metal-resources/metal-market-intelligence/podcastCertain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our future performance, as well as management's expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as “objectives,” “goals,” “preliminary,” “range,” "believes," "expects," "may," "estimates," "will," "should," "plans," or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; impacts and implications of adverse health events, including the COVID-19 pandemic; work stoppages; obligations under certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2022, and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.