Features
Holiday Notice: Happy Holidays from SMU!
Written by Brett Linton
December 24, 2024
The staff of Steel Market Update will be taking some time off for Christmas and the New Year holidays.
Our final issue of 2024 will be published on Sunday, Dec. 22. Our offices will be closed from Monday, Dec. 23 through Wednesday, Jan. 1.
We will resume our regular publication schedule on Thursday, Jan. 2, and will next update our price indices on Tuesday, Jan. 7.
While we are away, we will make every effort to report any breaking news in a timely manner.
From all of us at SMU, we truly appreciate your business and wish you and yours all the best this holiday season!
Brett Linton
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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.