Features
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Holiday Notice: Labor Day
Written by David Schollaert
August 30, 2024
Steel Market Update will be taking time off in observance of Labor Day.
We will not publish an issue on Sunday, Sept. 1, and our offices will be closed on Monday, Sept. 2.
Our weekly pricing service will not be impacted.
We will resume our regular publication schedule and our pricing service on Tuesday, Sept. 3.
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David Schollaert
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SMU Survey: Current Buyers’ Sentiment Index jumps, Future Sentiment slips
SMU’s Current Buyers’ Sentiment Index rocketed up this week, while the Future Buyers’ Sentiment Index edged down. The two indices are almost at parity.
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Final Thoughts
Some of you have told me that the current market feels about as crazy as early 2021 when demand snapped back after the initial outbreak of the Covid-19 pandemic. Others have said it might be more like late February/early March 2022, when Russia launched a full-scale invasion of Ukraine – and, in the process, caused […]
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SMU Community Chat: CRU’s Josh Spoores looks out over the Trump 2.0 battlefield
SMU Community Chat with CRU's Josh Spoores.
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Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
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SMU Survey: Mill lead times stretch to 10-month highs
Buyers responding to our latest market survey reported that steel mill lead times were stretching out this week for sheet and plate products tracked by SMU. The results weren’t much of a surprise. Production times have begun moving out following a wave of frenzied buying in response to stricter Section 232 announced by the Trump […]