Features

Holiday notice: Labor Day
August 29, 2025
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.
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Steel Summit: Needham highlights Nucor’s edge in flexibility, diversification
Nucor’s Dan Needham views the steelmaker’s flexibility and diversification as key to pivoting when economic conditions require.

Steel Summit: Dr. Basu blames tariffs for riskier path ahead
Steel executives packed the main conference hall of the 2025 SMU Steel Summit on Tuesday, Aug. 26, to hear economist Dr. Anirban Basu lay out his blunt view of tariffs, inflation, and demand.

Steel Summit: US lagging in DRI Commitments
Thais Terzian, principal analyst at CRU, gave a presentation of Ore-Based Metallics(OBM), namely pig iron and direct-reduced iron (DRI), and how important they are to the global steel industry.

Final Thoughts
Another record-breaking SMU Steel Summit is in the books. Thanks to all of you – attendees, speakers, sponsors, and exhibitors – for making it possible it in what has been an uncertain year for steel.