Analysis
January 26, 2025
Written by Michael Cowden
President Donald Trump on Sunday hammered Colombia with 25% tariffs and threatened to increase them to 50%.
In a post on Truth Social, Trump said he took the action not because of a trade dispute, but because the South American nation had refused to accept planes carrying deported immigrants.
SMU’s Steel Demand Index rose to 69.5 in mid-September, its highest reading in more than five years.
SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.
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.
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.