Analysis
March 28, 2024
Written by Brett Linton
Steel Market Update will be taking time off in observance of Good Friday and Easter.
Our offices will be closed on Friday, March 29, and we will not publish our Executive issue on Sunday, March 31.
Our weekly pricing service will not be impacted.
We will resume our regular publication schedule on Monday, April 1, and our pricing service on Tuesday, April 2.
We wish the entire SMU community a restful holiday weekend.
Rising prices and stable demand is not a bad way to slide into the ending of 2025.
US shipments of heating and cooling equipment fell 7% in September from August to the lowest monthly rate of the year, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Global sheet markets face divergent trajectories into year-end, with Asian (excl. India) markets under pressure from oversupply. This, while Western markets experience temporary support from supply constraints.
Contract talks for U.S. value-added aluminum products are reaching a critical stage, with billet, primary foundry alloys, and wire rod upcharges diverging as buyers and producers race to finalized 2026 pricing.
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]