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
Final Thoughts
It’s once again A Tale of Two Cities in the steel market. Some are almost euphoric about Trump’s victory. Others, some rather bearish, are more focused on the day-to-day market between now and Inauguration Day on Jan. 20.
SMU Survey: Mill lead times remain stable and short
Steel buyers participating in our market survey this week reported stable mill lead times for both sheet and plate steel products.
Nippon respects HR dumping decision, expects lower rate in next review
Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.
SMU Survey: Most buyers report mills still willing to talk price
Most steel buyers SMU polled this week reported that mills remain willing to negotiate new order pricing.
CRU: Trump tariffs could stimulate steel demand
Now that the dust has settled from the US election, as have the immediate reactions in the equity, bond, and commodity markets, this is a prime opportunity to look at how a second Trump presidency might affect the US steel market.