This October feels like October baseball — high stakes, long innings, and every pitch matters. Mike Carrozzo and Nick Webb break down the metals at bat: copper driving prices higher, carbon tightening supply on tariffs, stainless playing steady ball, and aluminum testing the strike zone with producers eyeing exits. Grab your peanuts and scorecards — it’s time for the metals playoffs.
It’s kickoff time for football and for metal contract season! On this month’s Cup o Joe, Ryerson’s Pat Ford, GM of Global Accounts, breaks down how manufacturers are locking in supply and pricing strategies for the year ahead. From hedging and premium management to tapping into Ryerson’s bench of experts, Pat shares how global and program accounts are navigating negotiations. Nick Webb runs through the latest on tariffs, steel, stainless, aluminum, and nickel—plus what economic signals like PMI, interest rates, and industrial production mean for the metals playbook.
Mexico is quickly becoming a critical link in North America’s manufacturing and supply chain network. In this episode of Cup o Joe, Nick Webb and Jason Pounders talk with Oscar Rivera, VP of Ryerson Mexico, about the trends driving nearshoring, the latest shifts in tariff policy, and how cross-border trade is impacting steel, aluminum, and other metals.
In this special episode of Cup o Joe, hosts Mike Carrozzo and Nick Webb gather insights from Ryerson’s product and supply chain experts to break down findings from a new survey of 13 North American steel, aluminum, and stainless mills. While mill responses point to a broadly steady demand outlook, the panel digs deeper to uncover subtle shifts by material and market. Topics include idled carbon mill capacity, aluminum lead times and Midwest Premiums, stainless surcharge drivers, and what all of it means for metal buyers planning for 2026.
Guests include:
In this special July edition of Cup o Joe, hosts Mike Carrozzo and Nick Webb celebrate the season by connecting the dots between metals and the holidays. From Canada Day to the Fourth of July, they explore how industrial metals shape the world around us—from fireworks displays to market trends.
Tune in as they break down the latest price movements, macroeconomic forces, and a few surprising metal facts perfect for your holiday trivia arsenal. Whether you’re squeezing in one last update before the long weekend or just curious about what’s driving the metalverse, this episode has you covered.
In this episode of Cup o Joe, Mike and Nick tackle the evolving tariff landscape and what recent trade headlines could mean for metals markets. Then, they turn the mic to the voice of the customer, exploring how end-market demand is shaping up across industries.
Special guest Russell Earls, Ryerson’s vertical market manager for Aerospace, Defense, and Semiconductor, joins the show to share what he’s hearing from the field and why optimism remains high in some key sectors. From planes to processors, it’s all on deck in this wide-ranging discussion.
In this special edition of Cup o Joe, Nick breaks down the latest twists in the U.S.–China tariff saga and what it means for the metals market. After a surprise weekend announcement slashed tariffs on Chinese imports from as high as 145% back down to 10%, metal buyers are left wondering: is this a reprieve or just the calm before another storm?
He walks through the economic ripple effects—from falling volatility and rebounding metals prices to what this means for reshoring and near-term inflation. Plus, insights on how the U.K. trade deal may serve as a blueprint for what's next and what buyers should expect across aluminum, copper, nickel, and carbon steel.
Whether you’re watching for price shifts or supply chain shakeups, this is the quick-hit briefing you need to stay ahead.
In this special episode of Cup o Joe, we break down the key metals markets—steel, stainless, and aluminum—and explore where prices are stabilizing and where pressure may be building beneath the surface. With tariffs, surcharges, and shifting supply chains top of mind, we turned to two Ryerson experts for on-the-ground insight.
Jim Reed, Ryerson’s Director of Supply Chain, and Brian Crane, Product Manager for Hot Roll and Plate, join the show to give us a real-time look at how mills are responding and what buyers should watch for in the months ahead. From the steady $7 nickel floor to creeping aluminum premiums and softening scrap prices, we cover the key signals shaping the second half of 2025.
In this episode of Cup o Joe, Nick Webb breaks down the growing divergence between soft and hard economic data—and what it means for manufacturers watching metal prices and macro trends. From inflation expectations and tariff delays to shifting consumer confidence and the resilience of retail spending, Nick explores the push-pull dynamics playing out across the U.S. economy.
We also dive deep into key metals—aluminum, stainless, carbon, copper, and nickel—to uncover what’s driving price swings and whether we’re due for stabilization or more volatility ahead. Plus, updates on global trade negotiations, what’s next for U.S. tariffs, and how all of this could shape your next procurement decision.
Jason Pounders fills in this month, joining Nick Webb for a jam-packed breakdown of a fast-moving metals market. What do surprise political shifts means for carbon and aluminum prices, and how might short lead times signal changes in buying behavior?
Jeff Penz, Ryerson’s Director of International Procurement and Recyclables, joins the discussion, weighing-in on tariffs—where we’ve been, where we’re headed, and how buyers should be thinking about supply and risk in the months ahead. With service center shipments, Fed moves, and import trends also in the mix, this episode offers sharp insight at a time when clarity is hard to come by.
Tariffs are back in the headlines, but will they stick? In this episode of Cup o Joe, Nick and Mike are joined by Ryerson’s Senior VP of Supply Chain, Trent McFarland, to break down what he’s hearing from mills and how manufacturers can remap their supply chains in response.
But this one takes a turn—ditch the slides, grab a coffee, and join a live Q&A session as the team fields real-time questions from the audience. From lead times to logistics, no topic is off-limits. Tune in for an unscripted, no-holds-barred conversation on navigating uncertainty in metals.
In this special edition of Cup o Joe, hosts Mike Carrozzo and Nick Webb bring together a powerhouse panel to break down the latest shakeup in the metals market—the surprise Super Bowl Sunday announcement of 25% tariffs on steel and aluminum imports. What does this mean for pricing, supply chains, and the broader manufacturing landscape?
Joining the discussion are Ryerson’s supply chain experts Jeff Nodes, Mark Gross, and Jeff Penz, who share insights into the immediate and potential long-term impacts of these tariffs. The conversation dives into:
🔹 The ripple effect on aluminum pricing, including Midwest premiums and hardener elements like magnesium
🔹 The shifting import landscape and how global suppliers are reacting
🔹 The response from U.S. mills—price hikes, extended lead times, and the push for more domestic sourcing
🔹 The uncertainty around tariff codes and how buyers should prepare for potential supply chain disruptions
🔹 What this all means for stainless steel, scrap markets, and inflationary pressures
With so many moving pieces, one thing is clear—metals buyers should stay close to their suppliers and keep a watchful eye on developments. Tune in for expert insights and practical takeaways to help navigate this evolving landscape.
🎧 Listen now to stay ahead of the curve! #CupoJoe #Steel #Aluminum #Tariffs #SupplyChain
In part two of this special Cup o’ Joe episode, we’re shifting gears to break down what’s happening in the steel, aluminum, and stainless markets—and where they could be headed next.
Hosts Mike Carrozzo and Nick Webb, Director of Risk Management & Commodities Hedging, sit down with Ryerson’s metals experts to discuss:
🔹 Steel prices—Are we at the start of a rally? Where do tariffs fit into the picture?
🔹 China’s exports—Why global markets are watching closely as steel shipments hit historic levels
🔹 Aluminum premiums—What’s driving Midwest premium volatility, and could tariffs on Canadian imports shake things up?
🔹 Nickel & stainless trends—With prices at multi-year lows, is a supply correction coming?
🔹 Market predictions for 2025—Expect volatility, shifts in trade policy, and manufacturing tailwinds
Will steel mills push price increases further? How will scrap price trends impact supply chains? And is stainless poised for a rebound?
With so much going on, we had to make this month's episode a two-part Cup o’ Joe!
In this first installment, Ryerson CEO Eddie Lehner sets the stage with a look back at 2024—a tough year for manufacturing with continued demand declines and economic uncertainty. But is a turnaround on the horizon?
Nick and Mike break down the latest macroeconomic trends, including:
- The state of manufacturing—has it bottomed out?
- Signs of a 2025 rebound and the potential for an upswing
- Trade policy updates: The latest on tariffs, border security, and economic reversion
- Global market movements: China, Europe, and North America’s shifting trade relationships
-Inflation, Fed policy, and what it means for the metals supply chain
With insights from Ryerson’s supply chain directors for stainless, aluminum, and carbon steel, this deep dive unpacks the key trends shaping the year ahead.
Next up in Part Two: A deep dive into metals markets—what’s next for steel, aluminum, and stainless?
It’s a Cup of Champions this month! Fresh off some big wins—both on the football field and in the metals markets—Nick and Mike break down the latest industry trends and what’s shaping up to be a pivotal year for manufacturing and commodities.
Topics include:
🏆 National Championship Recap – A little friendly banter about Ohio State’s big win and North Central College’s Division III title.
📈 Manufacturing Optimism – Could the ISM data signal a rebound in orders for 2025?
🔩 Steel & Aluminum Outlook – How potential trade policies and tariffs could impact supply and pricing.
⚡ Nickel’s Rough Ride – Is 2025 the year this battered metal finds its footing?
Plus, we preview our upcoming Cup o Joe Live on February 6, featuring Ryerson CEO Eddie Lehner and expert product managers for aluminum, carbon steel, and stainless steel.
Don't miss the 90-minute episode on February 6! https://mktg.ryerson.com/cup-of-joe
Check out more: https://www.ryerson.com/metal-resources/metal-market-intelligence/podcast
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/podcast
Certain 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.
In this episode, we dive into the recent U.S. election’s surprising impact—or lack thereof—on commodities, metals, and energy markets.
Nick and Mike dissect the unique market movements, offering some takes on what a return to certain policy trends could mean for metal buyers, manufacturers, energy prices, and investment strategies moving forward.
This episode doesn’t offer concrete predictions, but instead opens a conversation on market reactions to policy, volatility, and the evolving regulatory landscape—encouraging listeners to weigh in with their own perspectives.
In this episode of Cup o Joe, we dive into the potential disruptions to global supply chains from Hurricane Helene and the recently resolved port strikes. This episode was recorded hours before a temporary resolution was agreed to between the ILSA and US Maritime Alliance.
Then, we discuss how Chinese stimulus efforts are giving a boost to Chinese manufacturing—and what that could mean for domestic steel production. Plus, we break down the latest trends in aluminum and nickel prices, and much more. Tune in to stay informed on all things metals!
In this episode of Cup o' Joe, the discussion centers around a "winter" warning for the global steel industry, driven by recent remarks from the CEO of Baowu Steel, China's largest steel mill. The CEO's harsh outlook reflects growing concerns as China's steel market softens, reminiscent of challenging periods in 2008 and 2015.
Hosts Mike Carrozzo and Nick Webb dive into the impact of weak real estate demand and the Chinese steel sector's overproduction, highlighting how China's economy is sending mixed signals. While manufacturing in areas like electric vehicles and green energy continues to perform well, the real estate sector is dragging down steel demand, resulting in increased steel exports and shrinking profits.
They also explore how tariffs in North America act as a buffer, preventing a full spillover of the Chinese steel crisis into Western markets, and what this could mean for the future. Tune in as the conversation unpacks the global steel landscape, with expert insights on trade, economic policies, and the ripple effects throughout the industry.
Join hosts Mike Carrozzo and Nick Webb in this insightful episode of Cup o Joe as they sit down with Chris Lyons from North American Stainless. Dive deep into the current landscape of the steel industry, exploring critical topics like steel mill capacity utilization, lead times, and price fluctuations. Chris shares expert insights on what’s driving these trends, how they impact the broader market, and what industry players can expect in the coming months. Whether you're in manufacturing or just keeping an eye on the steel industry, this episode is packed with valuable information you won't want to miss.