Analysis
February 23, 2025
Written by Michael Cowden
The US steel market has whipsawed upward on the prospect of expanded Section 232 tariffs of 25% being applied to imported steel – including downstream goods – on March 12.
I don’t want to go down a rabbit hole here on the separate, blanket tariffs of 25% on Canada and Mexico that could go into effect in early March. Will the threat be lifted from Canada but not Mexico? Could both see another reprieve? I don’t know.
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.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
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.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.