Why steel prices have been sagging all year

Payne Institute Faculty Fellow Ian Lange is featured on this podcast about how there are two reasons steel prices have dropped? Slowed construction spending and flat-ish manufacturing activity.  In China, because their economy is faltering so significantly, yet they’re still producing a lot of steel, they’re exporting their steel market weakness to the rest of the world, and it could be a while before the market picks up.  July 9, 2024.