Founder of World Steel Dynamics Peter F Marcus has passed away. The steel industry was Peter’s passion, inspiration and never-ending endeavour. His unique style and personality were only matched by his prophetic vision for the industry’s ever-changing landscape. He played the field general of the “Economic Warfare” that symbolized the constant ups and downs of the steel price cycle, and he was always several steps ahead of the battle’s evolution. “Kill and Win” was his motto as he charged into his next report, prognosticating “Death Spirals,” “Volcanic Eruptions” and “Extreme Short-Ages.” Equal to his passion for the industry was Peter’s love for its people. From senior executives to line workers, Peter genuinely wished success and prosperity for everyone he encountered in his travels around the world over the last 50+ years. He believed the steel industry was the fundamental building block for economic prosperity – the “engine” of the virtuous upward cycle that would ultimately benefit one and all; his words and actions embodied this belief. No doubt many of you have experienced this phenomenon first-hand. Peter leaves behind several “families” – his personal family, his WSD family, and our “family” of clients and industry friends – all of which he loved immensely. Fortunately, with some advanced planning, WSD’s generals are well prepared to take over and charge the battlefield. Peter’s last report was ironically titled “Steel’s Last Hurrah” proclaiming yet another prolific “ShortAge” for steel prices on the horizon in early-2022.
Founder of World Steel Dynamics Peter F Marcus has passed away. The steel industry was Peter’s passion, inspiration and never-ending endeavour. His unique style and personality were only matched by his prophetic vision for the industry’s ever-changing landscape. He played the field general of the “Economic Warfare” that symbolized the constant ups and downs of the steel price cycle, and he was always several steps ahead of the battle’s evolution. “Kill and Win” was his motto as he charged into his next report, prognosticating “Death Spirals,” “Volcanic Eruptions” and “Extreme Short-Ages.” Equal to his passion for the industry was Peter’s love for its people. From senior executives to line workers, Peter genuinely wished success and prosperity for everyone he encountered in his travels around the world over the last 50+ years. He believed the steel industry was the fundamental building block for economic prosperity – the “engine” of the virtuous upward cycle that would ultimately benefit one and all; his words and actions embodied this belief. No doubt many of you have experienced this phenomenon first-hand. Peter leaves behind several “families” – his personal family, his WSD family, and our “family” of clients and industry friends – all of which he loved immensely. Fortunately, with some advanced planning, WSD’s generals are well prepared to take over and charge the battlefield. Peter’s last report was ironically titled “Steel’s Last Hurrah” proclaiming yet another prolific “ShortAge” for steel prices on the horizon in early-2022.
