Steel Market Chatter: Uncertainty reigns this Independence Day

SMU regularly polls active players across North America to gauge the pulse of the flat-rolled steel market. We ask about steel prices, end-use demand, inventory levels, policy impacts, business expectations, and current events, among other things.

After a thorough review of SMU’s market survey results this week, what stood out most to me was that most respondents are lamenting weak demand, cautious buying, and so much uncertainty. (Usage of the word was in the double digits!)