The U.S. steel market has been under significant pressure in 2022 due to weakened manufacturing and housing indicators. Two consecutive quarters of negative growth and persistently high supply have kept many buyers hesitant, afraid of being saddled with overpriced steel inventories should the downturn intensify. Early in the Russia-Ukraine conflict, steel prices saw significant increases….
How We Got Here: The Macroeconomics of the Steel Industry Supply Chains
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