Aluminum on the Rocks: Market Shifts and Bourbon Tips

On this episode, Nick Webb and Mike Carrozzo are joined by Jim Reed, a supply chain director in the West region for Ryerson, to discuss the complex landscape aluminum and stainless-with a ‘bourbon talk’ chaser! They dive deep into the recent disruptions and changes impacting the market, including:
- Tariffs and Trade Issues: How the new tariffs imposed by Mexico and the Russian aluminum ban by the LME are shaking things up.
- IMEX Program Change: Understanding the modifications to Mexico's IMEX program and their implications.
- Domestic vs. International Supply: The shifting dynamics as Mexican entities consider U.S. domestic aluminum over cheaper imports.
- Market Reactions and Predictions: Insights into how Ryerson and other players are adapting to these changes and what it means for customers.
- Future Capacity and Production: Discussing new capacities coming online and their potential impact on market conditions.
Additionally, in a lighter segment, Jim, Nick, and guest Mike Carrozzo share their favorite bourbons, making for a well-rounded discussion that mixes industry insights with a bit of personal flavor.
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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, 2023, 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.