Market Segment
April 30, 2025
ArcelorMittal's EAF in Alabama expects first heat in Q2
Written by Stephanie Ritenbaugh
ArcelorMittal North America
(in millions of dollars except shipments)
Market Segment
April 30, 2025
Written by Stephanie Ritenbaugh
(in millions of dollars except shipments)
The current plate market squeeze has been driven by improved demand and heightened import barriers, including 50% Section 232 tariffs. But the timing of fall outages—even if they were planned—is exacerbating the supply crunch.
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SMU’s latest Flat-Rolled Steel Buyers Survey shows that in a tight US market marked by long lead times, low inventories, and rising prices, foreign products continue to gain the interest of domestic buyers.
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