Steel (USA) 0.0%
CORE REPORT
CORE is an in-depth look at key indicators and trends driving the steel market. Market volatility demands your attention about what’s driving prices, when and why. CORE cuts through the noise to bring you what matters. Welcome to the center of steel market news.
After sliding $40/gt in June, prime scrap surprisingly settled sideways for July, remaining at $380/gt. The flat reading suggests that the market may have finally bottomed out and found a floor.
Core Report
Spot iron ore rebounded sharply ahead of the July 4th holiday after slipping four out of the previous five weeks. Spot iron ore pricing settled at $110.32/mt, up from $106.35/mt the week prior. This is the highest price for iron ore since late-May.
Core Report
U.S. mills produced an estimated 1,710k tons at a 77.0% utilization rate; this is up from 1,704k tons and a 76.7% rate previously.
Core Report
May retail sales totaled $703.1 billion, up 0.1% from April and up 2.3% from the $687.5 billion rate in May 2023.
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Certifications
President and CEO
Majestic born on date: 2007
Best advice ever given to you: Don’t let school get in the way of your education.
Favorite ice cream flavor: Mitchell’s pistachio.
Favorite cartoon character: Tasmanian Devil.
Pet peeve: When someone does something for themself at the detriment of someone else.
Favorite quote: “Stop, collaborate and listen.”
General Counsel
Majestic born on date: August, 2011
Favorite thing(s) to do outside of the office: Working outdoors, college and high school sports, and racing.
Typical breakfast / lunch: Grabbing a sugar cookie flavored UP bar.
Favorite drink: An ice-cold A&W Root Beer.
Favorite quote: “Good isn’t cheap; cheap isn’t good.”
Who would play you in a movie? The talented Christopher Walken.
Chief Financial Officer
Majestic born on date: April, 2022
Favorite thing(s) to do outside of the office: Exercising, enjoying great food, and spending time traveling and adventuring with my lovely wife, two crazy boys and our boxer we treat as a human
What’s your favorite ice-cream flavor? Chocolate & Peanut Butter — tell me I’m wrong!
Favorite Quote? “The chief cause of failure and unhappiness is trading what you want most for what you want right now.” – Zig Ziglar
Typical Breakfast? Quad shot vanilla latté…followed by actual food at some point if I make time.
Best professional advice ever given to you? Too many people spend enormous amounts of time and energy trying to eliminate weaknesses…focus on mastering your strengths and surrounding yourself with people that have towering strengths where you are weaker. Watch the magic happen.
Chief Growth Officer
Majestic born on date: May, 2020
Favorite thing(s) to do outside of the office: Travel, cycling, golfing, grilling, and time with family.
Typical breakfast / lunch: It’s a close toss up between a homemade smoothie or açaí bowl.
Favorite drink: Bourbon.
Favorite quote: “I walk around like everything’s fine, but deep down, inside my shoe, my no-show sock is sliding off.”
Who would play you in a movie? It’s got to be Jason Statham.
Chief of Staff
Majestic born on date: October, 2015
Favorite thing(s) to do outside of the office: International travel, no phone dinners with friends, watch Tucker Carlson, cheer on the Buckeyes and Browns, and spend time with my niece.
Typical breakfast / lunch: Espresso. I’m not big on breakfast and lunch usually depends on the day.
Favorite drink: Bourbon.
What’s the first concert you went to: Blink 182.
Favorite quote: “To improve is to change; to be perfect is to change often.”
EVP, Business Operations
Majestic born on date: December, 2013
Favorite thing(s) to do outside of the office: Golf, watch sports, and spend time with my family.
Top item on your bucket list? To own a Triple Crown horse, the most prestigious feat in Horse Racing.
Typical breakfast / lunch: Reid’s homemade chocolate chip and sprinkle pancakes.
Favorite drink: California Cab.
What’s your favorite ice-cream flavor? Chocolate Peanut Butter Cup is clearly the best.
EVP, Corporate Development
Majestic born on date: March, 2019
Favorite thing(s) to do outside of the office: Exercising, live music, and chasing around my kids.
Typical breakfast / lunch: A smoothie loaded with peanut butter.
What’s your favorite ice cream flavor? Ben and Jerry’s Cherry Garcia without a doubt.
Favorite quote: “Whether you think you can, or think you can’t, you’re right.”
If you were a crayon, what color would you be? I’d be bright orange.
EVP, Analytics and Business Strategy
Majestic born on date: December 1999
Favorite thing(s) to do outside of the office: BBQ’ing, watching Gold Rush and working out.
Typical breakfast / lunch: Meatball sub, Cannoli, and Pepperoni.
If you could live anywhere in the world, where would you live? Gatlinburg, TN – to eat BBQ with Bob Galloway every day.
Favorite quote: “Run straight at your fears, they hate it when you do that.”
Who would play you in a movie? Clearly 007.
EVP, Corporate Finance and Investment Planning
Majestic born on date: December, 2018
Favorite thing(s) to do outside of the office: Reading, traveling with my family, working out, and cooking.
Typical breakfast / lunch: An Omelette and, or Kimchi.
Top item on your bucket list? Traveling through Vietnam while eating everything I can find.
Favorite drink: Coffee, and a Dirty Martini on the Rocks.
If you could have dinner with one famous person who would it be? None other than John D. Rockefeller.
Executive Vice President
Majestic born on date: January, 1999
Favorite thing(s) to do outside of the office: Be with my family, children, go for long walks, be in nature and by the water.
What’s the first concert you went to: America and Three Dog Night.
You have a 10-minute speech to give at a high school, what is it about: Continuous improvement.
Favorite quote: “The past is the past, the future is unknown and the present is a gift, that is why it is called a present.”
If you could live anywhere in the world, where would you live? I like Cleveland!
Executive Vice President Majestic West
Majestic Born On Date: August, 2021
Top item on your bucket list: A round of golf at Augusta.
Favorite Quote: Success usually comes to those who are too busy to be looking for it.
If stranded on a deserted island, what five things would you want to have with you: King Salmon, Pinot Noir, Bay Area Sourdough Bread, Spotify.
Have any hidden talents: A master of the cast iron pan!
What’s your favorite ice-cream flavor: Cherry Garcia
CORE Report is an in-depth look at key indicators and trends driving the steel market. Market volatility demands your attention about what’s driving prices, when and why. CORE cuts through the noise to bring you what matters. Welcome to the center of steel market news.
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