Features
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.
David Schollaert
Read more from David SchollaertLatest in Features
Join SMU for a Community Chat With Barry Zekelman Next Wednesday!
Zekelman is known for his straight talk. And his company is one of the largest steel buyers in North America. So he’s got a better eye than most on steel market developments.
Steel market chatter this week
On Monday and Tuesday of this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to imports and evolving market events.
Final Thoughts
Sure, demand isn’t as good the market had hoped it would be earlier this year. But assuming it doesn’t fall of a cliff, buyers will have to restock at some point. And that might give domestic mills enough leverage to raise prices again.
AISI: Raw steel production dips, remains near multi-month high
Following three weekly increases, domestic mill output edged lower last week, according to the American Iron and Steel Institute (AISI).
Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.