North American Conference in Nashville: Stainless steel market hits bottom in late 2024, eyes recovery next year

The U.S. stainless steel market appears to be grappling with its weakest period in most of 2024, with conditions deteriorating steadily since the first quarter of 2024.

Market participants believe the industry could hit its lowest point in Q4. Expectations for short-term improvement are bleak, with no significant recovery anticipated before the second quarter of 2025.

At the recent North American Stainless and Special Alloys Conference in Nashville, the mood among attendees was predominantly pessimistic. Delegates described the market as challenging, uncertain, and slow, expressing little hope for a quick rebound. Mills and distributors braced for an even weaker year-end, citing the traditional holiday slowdown and a lack of demand drivers. Continue Reading? Please click box below!