Features
Holiday notice: Memorial Day
Written by Brett Linton
May 23, 2024
Steel Market Update will be taking time off in observance of Memorial Day. We will not publish our Executive issue on Sunday, May 26.
Our offices will be closed on Monday, May 27. We will resume our regular publication schedule on Tuesday, May 28. Our weekly pricing service will not be impacted.
Brett Linton
Read more from Brett LintonLatest in Features
Final Thoughts
Despite some scary headlines lately (especially about Trump potentially firing Fed Chair Jerome Powell) this is not October 2008 (financial crisis) or March 2020 (onset of the pandemic). But it sure seems like we’ve taken a relatively strong economy and poured a thick sauce of uncertainty over it.
CRU: Rising protectionism will continue to weigh on Chinese steel export prices
Chinese steel export prices are expected to remain stable or fall in the coming weeks as trade restrictions rise and tensions between the country and the US escalate.
Fed indicators signal healthy manufacturing sector
Recent Federal Reserve data paints a positive picture of the US manufacturing sector. Manufacturing indicators remained strong through February and March figures
Steel market chatter this week
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
Final Thoughts
I put some of our survey data through ChatGpt, with interesting results.