Features
Holiday notice: Independence Day
Written by Brett Linton
July 3, 2024
Steel Market Update’s offices will be closed on the Fourth of July for Independence Day.
We will not publish our Executive issue on Thursday, July 4.
Our offices will be open on Friday, July 5, and we will resume our regular publication schedule on Sunday, July 7.
We wish you a safe and happy holiday!
Brett Linton
Read more from Brett LintonLatest in Features
SMU survey: Lead times remain short, nearing nine-month lows
Steel mill lead times remain near some of the lowest levels witnessed in months, according to our latest market canvass to steel service centers and manufacturers.
SMU survey: Mills more open to price talks on sheet products
Sheet steel buyers found mills more willing to negotiate spot pricing this week, according to our most recent survey data.
Final thoughts
It’s been a slow start to the week as far as news goes, something you’d expect ahead of a shortened Independence Day week. That said, it’s not as if transactions have completely ground to a halt. (Prices continue to drift lower.) And while news might be slow, rumors of low-priced deals, price hikes, and trade cases seem to have filled that void.
HR import duties face 5-year sunset review
Antidumping and countervailing duties (AD/CVDs), in place for more than twenty years on imports of hot-rolled (HR) steel from six countries, are up for their fourth sunset review.