Analysis
October 7, 2025
Final Thoughts
Written by Michael Cowden
The consensus among many market participants in the flat-rolled steel sector is that prices have bottomed or soon will. SMU’s latest steel market survey results reflect as much, as I noted in a column on Sunday.
One thing to keep in mind: Our survey results aren’t a forecast. It’s what steel market participants think will happen. Often, they’re right. Sometimes, they’re not. Again, what we’re doing is trying to reflect what the market is thinking now – we’re not in the forecasting business. (We leave that to our very capable CRU colleagues.)
