Analysis
July 3, 2025
Written by Stephanie Ritenbaugh
With so much happening in the news cycle, we want to make it easier for you to keep track of it all. Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
It will be a shorter week as the United States celebrates Independence Day on Friday. But we won’t leave you high and dry.
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.
The scrap market for October is looking for direction as some participants on both sides of the furnace are indicating scrap prices are poised for an increase.
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.
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.