Steel market psychology is split into two distinct camps: those who believe steel prices are fast

Steel market psychology is split into two distinct camps: those who believe steel prices are fast approaching a bottom and will rebound in the second half and those who believe the lingering trade tensions and uncertain demand will keep pressure on prices—and buyers on the sidelines— for some time to come. Cautious buying by service centers, manufacturers, and fabricators, along with widespread inventory destocking, has put a serious dent in steel demand. Combined with weak scrap prices and what is arguably overproduction by domestic steelmakers, the resulting downtrend in steel prices is no surprise. Steel Market Update (SMU) gathers real-time pricing data from steel buyers every week. As of mid-June, SMU’s Price Momentum Indicator was pointing “lower” on all steel products, as it has been for most of the year. According to SMU data, the benchmark price for hot-rolled steel (FOB the mill, east of the Rockies) was averaging $550/ton ($27.50/cwt), with lead times of two to five weeks. That’s a 40 percent decline from the $910 peak in July 2018. Cold-rolled dropped to $700/ton ($35.00/cwt), with lead times as short as five weeks during the same time frame. Cold-rolled prices peak...

Unlike a classic round shape, a square watch manages to nail a smart, sophisticated aesthetic all

Unlike a classic round shape, a square watch manages to nail a smart, sophisticated aesthetic all the while remaining unique and modern. A sleek vintage square piece may pair nicely with a suit at the office, while a more sporty design will accompany you through your outdoor adventures. Whichever way you lean, we have rounded up the best square watches for men to help influence your decision. As sturdy as it is sleek, the Cartier Santos Automatic Watch features a solid square stainless steel case and a genuine black alligator leather strap. The timepiece is Swiss made with Cartier Calibre automatic movement, features scratch-resistant sapphire crystal, and is suitable for snorkelling and swimming with water resistance to 100m. Aesthetic features include a Roman numeral silvered opaline-white dial, luminous black-outlined sword-shaped hands and a studded stainless steel bezel. Additionally, the watch can function without a battery. If you’re ready to leave dry land and take your adventures below sea level, the BR-01-93 can meet the challenge with water resistance to 100m. Additionally, an anti-reflective sapphire crystal dial contributes to the incredible functionality of this pi...