Analysis
May 22, 2025
Written by Brett Linton
Steel Market Update offices will be closed in observance of Memorial Day.
We will not publish our Executive issue on Sunday, May 25, and our offices will be closed on Monday, May 26.
We will resume our regular publication schedule on Tuesday, May 27. Our weekly pricing service will not be impacted.
As we observe the holiday, we encourage you to join us in honoring those who gave their lives in service to our country.
You may have heard about traders “canceling” metal on the London Metal Exchange and shipping it out. Here's a guide to understand that process.
The downward trend in Chinese steel export prices continued over the past month, as domestic demand in the country failed to recover following the Golden Week holidays.
In the month since my last column, the tides have started to turn – and as usual it wasn’t the physical market that moved first.
Most steelmaking raw material prices remained stable over the past month. Prices are mixed in comparison to this time last year.
Domestic plate market participants anticipate strong economic growth in the first quarter of 2026, which they say is the perfect reason for spot market price hikes now.