Features

SMU Community Chat replay now available
Written by David Schollaert
July 23, 2025
The latest SMU Community Chat webinar reply featuring Tom Derry of the Institute for Supply Management (ISM), is now available on our website to all members.
After logging in at steelmarketupdate.com, visit the community tab and look under the “previous webinars” section of the dropdown menu.
All past Community Chat webinars are also available under that selection.
If you need help accessing the webinar replay, or if your company would like to have your voice heard in our future webinars, contact info@steelmarketupdate.com.


David Schollaert
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Final Thoughts
Is there any clarity to be hoped for on the tariff front?

SMU Survey: Mill lead times remain short
Steel mill lead times on sheet products contracted across the board this week compared to early July, while plate production times moderately extended, according to steel buyers responding to this week’s market survey.

SMU Survey: Most buyers say mills are open to negotiating prices
More than nine out of every ten steel buyers polled by SMU this week reported that mills are negotiable on new order prices. Negotiation rates have increased in each of our last three surveys following the early-June lull, reaching a record high this week.

Final Thoughts
A tariff on Brazilian pig iron could cause great upheaval in the market.