Majestic Steel Announces New Website Launch
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CLEVELAND, Feb. 12, 2021 /PRNewswire/ Majestic Steel USA, Inc. ( Majestic ), a leading steel service center, announced today the launch of its new website.
The reimagined majesticsteel.com showcases the breadth and depth of Majestic s resources. With a shift to digital becoming more of a reality for the steel industry, redefining the site as a dynamic business tool was necessary for growth and innovation. Our goal for the project was to create a hub for our company. Whether it s someone who wants to see real-time market data, read fact-based research, make steel product inquiries, or join one of our teams, we re proud to call this site the new face of Majestic, says Kate Mitchell, Majestic s Chief Marketing Officer.
Dec. 14, 2020 7:00 am ET
Steelmakers are straining to keep up with resurgent orders from U.S. manufacturers, just months after preparing for a long, pandemic-driven slump in steel demand.
Steelmakers idled about one-third of domestic production capacity for flat-rolled steel this spring when their customers canceled orders and closed plants to slow the spread of the new coronavirus. Since many factories reopened a month or two later, steel demand for cars, appliances and machinery has rebounded, thanks in part to rising purchases from homebound consumers.
The benchmark price for hot-rolled sheet steel has doubled since early August to a two-year high of $900 a ton, according to S&P Global Platts. Steel distributors said soaring prices and the reduced availability of steel have touched off panic-buying by some manufacturers.