Final Thoughts

Will a US-UK meeting next week prove a harbinger of tariff deals to come, or will it be just another case of having the rug pulled from under us?

When will we see prime scrap become scarce as the worldwide transition to EAF melting increases, especially for HRC production? It's a question I've been asked a lot. 

With US economic indicators all over the map, it’s no wonder the steel market has experienced a whole lot of analysis paralysis this year.  

A recurring theme in conversations with some of you and in the comments submitted in our surveys is concerns about demand and uncertainty around tariffs. Where does SMU’s latest opinion polling on President Trump’s tariffs stand? Let’s take a look at the numbers.

I’ve been getting some calls lately from some of you who want to kick around ideas on where prices might bottom and when.