Supply restrictions caused by the Article 232 import tariffs imposed in the United States are supporting long products prices, according to the latest podcast of MEPs, "The Market in a matter of minutes."
Based on information gathered from the research for the International Steel Survey prepared by the MEPs, this 15-minute podcast explores the supply and demand for steel in the U.
S. steel market. It also presents the latest steel price movements and outlines prospects detailing the main directions of market development in the coming months.
US Steel market analyst Laura Hodges is joined by executive editor Tom Sharp in this episode of the Market in Protocol, which is part of the MEPs Speaking Steel podcast series.
Listen now via YouTube and Spotify(at 0:11) for understanding:
- supply trends dictated by a reduction in imports and American manufacturers fall shutdowns.
- U.
S. steel industry hopes for improved demand from construction and automotive sectors
- How the Federal Reserve's interest Rate Cuts can boost the steel price forecast for 2026
Speaking on the podcast, Hodges said that the reduction in American imports of long-gauge steel products coincided with Mills' decision to increase electricity production in the fall, in order to tighten American supplies, they began to apply upward pressure on prices.
"The volume of imports from apartments and wants has dropped significantly since July, when the tariff was increased to 50%," Hodges said.
"To give the figures for that, we were at a monthly rate of about 1.1 million tons, and in September and October, we dropped about 800,000 tons.
"the data[for November]looks like the import will be even lower".
The monthly steel market demand is published in the MEPs International Steel Commentary. The report provides subscribers with information on steel prices, indexes, market commentary, and forecasts from key global steel markets in North America, Europe, and Asia. Contact the MEPs for detailed information on how to subscribe.
