1840 ET [Dow Jones]--Steel Dynamics expects market conditions are in place for domestic steel consumption to be solid through this year and into the following years, said Mark Millett, the company's chairman and chief executive. Underlying steel demand improved in the first quarter, Millett said, with customer orders rebounding and backlogs increasing at the company's steel and steel fabrication operations. "Steel prices improved throughout the quarter from the lows seen in the second half of 2024 as trade actions have seen imports decline from recent highs," Millett added. He said some uncertainty from certain customers related to recent trade actions has been seen. "Overall, we believe demand for lower-carbon emission, U.S. produced steel products coupled with lower imports will support steel pricing and demand." (stephen.nakrosis@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 18:42 ET (22:42 GMT)
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