Features
Holiday Notice: Easter
Written by Ethan Bernard
April 17, 2025
Steel Market Update will be taking time off in observance of Good Friday and Easter.
Our offices will be closed on Friday, April 18, and we will not publish our Executive issue on Sunday, April 20.
Our weekly pricing service will not be impacted.
We will resume our regular publication schedule on Monday, April 21, and our pricing service on Tuesday, April 22.
We wish the entire SMU community a restful holiday weekend.
Ethan Bernard
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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.