Steel price and demand outlook still strongRussell reported their earnings last night.
We all know that Russell is not a producer so can not be compared to Stelco.
Still, steel service centers like Russell can give us a int for the steel demand strenght and weakness
Here is what was written in their outlook segment last night.
Outlook
The favourable demand trends and steel price increases that were experienced late in the 2023 first quarter are being maintained into the 2023 second quarter. These dynamics are expected to benefit our metals service centers and steel distributor segments over the near term. For energy field stores, the second quarter is traditionally slower due to spring breakup in Canada, but we expect a continuation of improving demand trends on a seasonally adjusted basis.