Analysis
May 28, 2024
Written by Laura Miller
We trust you had a safe and enjoyable long holiday weekend and unofficial start to the summer.
Sure, sunshine and vacations are on our minds, too. But now it’s time to ground ourselves back into the wonderful world of steel.
Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce's latest import license data.
SMU’s Current and Future Scrap Sentiment Indices were stable and trending up in October, according to the latest data from our ferrous scrap survey.
Earlier this week, SMU polled steel buyers on topics ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events. Below, we share a selection of the comments we received, in each buyer’s own words.
The US Department of Commerce is considering raising the anti-dumping duties on imports of corrosion-resistant steel products (CORE) from Korea.
Worthington Steel said tight US steel supply, low imports, and extended lead times constrained shipments and quoting opportunities during its first fiscal quarter, even as the conditions supported pricing and spread sustainability.