SMU Reports Mixed Steel Price Trends, Strong Buyer Sentiment

Steel prices plateaued in March after significant gains in February, with the SMU Price Momentum Indicator shifting to Neutral for hot-rolled products as broader market metrics indicate a possible easing. Steel scrap prices reached a yearly high due to limited supply and tariff uncertainties, although future expectations suggest a slowdown as steelmakers brace for a weakening automotive market. Buyer sentiment remains strong, with optimism about market success in the upcoming months, while lead times for steel mill orders stabilized following a surge in February. Meanwhile, the Michigan State Spartans are focused on improving their football performance in 2025, with coach Jonathan Smith needing to secure a bowl game appearance after years of absence from postseason play. The Spartans have bolstered their roster through the transfer portal, addressing key positions, including adding depth to the offensive line and improving their running game. Additionally, Michigan State's recruiting efforts are ramping up, with a focus on securing top local talent for future classes.