Analysis
August 28, 2025
Written by Brett Linton
Steel Market Update will be taking time off in observance of Labor Day.
We will not publish our Executive issue on Sunday, Aug. 31, and our offices will be closed on Monday, Sept. 1.
We will resume our regular publication schedule on Tuesday, Sept. 2. Our weekly pricing service will not be impacted.
We wish all our readers a safe and enjoyable Labor Day.
SMU’s Current Steel Buyers’ Sentiment Index improved this week as Future Sentiment inched up as well, according to our most recent survey data.
The price gap between stateside hot band and landed offshore product tightened further this week, as the average price for domestic hot-rolled was $10/st higher w/w.
US and Canadian rig counts both declined this week, according to the latest Baker Hughes data released on Wednesday, Nov. 26.
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
You might be looking forward to some Black Friday deals. But I wouldn't expect many, at least when it comes to flat-rolled steel.