Analysis
May 25, 2023
Final Thoughts
Written by Michael Cowden
What’s up with galvanized coating extras?
Galvanized lead times and prices have been falling since April, according to SMU data.
Latest in Analysis
Worthington Enterprises sees data center demand boost amid tight steel supply
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.
SMU Price Ranges: HR inches toward $1,300/ton as spot squeeze continues
Sheet and plate prices continued to tick mostly higher this week amid a supply squeeze that shows no signs of loosening its grip on the US market.
Coming soon: SMU Daily Digest newsletters
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Scrap prices poised for October increase, or later?
The scrap market for October is looking for direction as some participants on both sides of the furnace are indicating scrap prices are poised for an increase.
SMU Survey: Tight US flat-rolled market boosts buyer interest in foreign steel
SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.