Steel prices show signs of recovery in early 2025, but potential tariffs and fluctuating demand create an uncertain outlook for the market.
Via Metal Miner The Raw Steel s Monthly Metals Index MMI remained sideways, with a modest 0.78% increase from January to February. However, steel prices could still be in for significant volatility. Mills Push for Price Increases After Weak Q4 As Q4 financial results started to pour in, they reflected a challenging end to 2024. While data from Cliffs has yet to be published, total combined shipments from Nucor, SDI and U.S. Steel hit their lowest level in two years. U.S.
Source MetalMiner Insights, Chart & Correlation Analysis Tool As of early February, HRC lead times remained sideways. Longer lead times would suggest tightening supply conditions, which typically triggers a steel price uptrend. One mill source noted that while demand appeared steady, buyers were waiting to see consistently longer mill lead times before placing large orders. Buyer caution could derail the upward price momentum witnessed in recent weeks.
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