Final Thoughts
Did the price increase announced by Cleveland-Cliffs last week stick? Yes, at least partially.
Did the price increase announced by Cleveland-Cliffs last week stick? Yes, at least partially.
Steel prices continued to decline last month – a trend we’ve seen repeated since mid-April.
SMU's weekly survey reflects what people in the market are talking about. Lately, a popular topic has been the United Auto Workers (UAW) strike.
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, sheet prices abroad, inventory, the UAW strike, and what people are talking about in the market
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, sheet prices abroad, inventory, and what people are talking about in the market. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words.