--- title: "Steel Market Update: Q3 2022 Outlook" description: We provide you with an overview of the steel and metal industry to keep you up to date and in the know. image: https://blog.boydmetals.com/hubfs/blogs/2022%20Blogs/20220715-boyd-blog-state-of-indu.png --- [![Boyd Metals Logo](https://blog.boydmetals.com/hs-fs/hubfs/basic-visual-assets/logos-and-watermarks/Logo_Rev/Logo_Medium_White_2.png?width=152&name=Logo_Medium_White_2.png)](https://www.boydmetals.com/) - About Us - [Core Values](https://www.boydmetals.com/our-core-values/) - [Our Mission](https://www.boydmetals.com/our-mission/) - [Play Hard](https://www.boydmetals.com/play-hard/) - [Team](https://www.boydmetals.com/team) - [Blog](https://blog.boydmetals.com) - [Privacy Policy](https://www.boydmetals.com/privacy-policy) - [Watch Us Grow](https://www.boydmetals.com/watch-us-grow/) - Products - [Stainless Steel](https://www.boydmetals.com/stainless-steel) - [Aluminum](https://www.boydmetals.com/aluminum/) - [Carbon Steel](https://www.boydmetals.com/carbon-steel) - [PVF](https://www.boydmetals.com/pvf) - [Red Metal](https://www.boydmetals.com/products/red-metal) - [Industrial Products](https://www.boydmetals.com/products/industrial-products) - Processing - [Sawing](https://www.boydmetals.com/processing-fabrication/sawing/) - [Shearing](https://www.boydmetals.com/processing-fabrication/shearing/) - [Plasma Plate Cutting](https://www.boydmetals.com/processing-fabrication/plasma-plate-cutting/) - [Oxy-Fuel Plate Cutting](https://www.boydmetals.com/processing-fabrication/oxy-fuel-plate-cutting/) - [HiDef Plasma](https://www.boydmetals.com/processing-fabrication/hidef-plasma/) - [2D and 3D Laser Cutting Capabilities](https://www.boydmetals.com/2d-3d-laser-cutting-capabilities/) - [Press Brake](https://www.boydmetals.com/processing-fabrication/press-brake/) - [Plant Tour](https://www.boydmetals.com/plant-tour/) - [Resources](https://www.boydmetals.com/resource-center/) - [Finding The Right Metals Service Center](https://www.boydmetals.com/finding-the-right-metals-service-center/) - [A Guide To Pipe Sizes](https://info.boydmetals.com/guide-to-pipe-sizes-download) - [Decimal to Fraction Conversion Chart](https://info.boydmetals.com/decimal-to-fraction-conversion-chart-download) - [Digital Stock and Reference Guide](https://info.boydmetals.com/download-the-boyd-metals-pdf-stock-and-reference-guide) - [12 Facts About Steel](https://info.boydmetals.com/12-facts-about-steel-download) - [Product Management Checklist](https://info.boydmetals.com/project-management-checklist) - [Careers](https://www.boydmetals.com/careers/available-positions/) - Get a Quote - [Request a Quote](https://www.boydmetals.com/get-a-quote/) - [Contact Us](https://www.boydmetals.com/contact-us) ### I’d like to learn more about Campaign Creators! read # Steel Market Update: Q3 2022 Outlook ![Boyd Metals](https://blog.boydmetals.com/hubfs/blogs/2022%20Blogs/20220715-boyd-blog-state-of-indu.png) While our team can be relied on for a weekly pricing trend report, we offer here an overview of the steel and metals industry in the summer of 2022. While prices are trending downward, US steel output is also slightly down again in July 2022. But, volatile global situations have us all on high alert and we will continue to monitor the situation on a global, national and local level. With our recent acquisition by [Russel Metals](https://www.russelmetals.com/en/), we have a much deeper network and inventory from which to serve our customers. As a [one-stop-shop](https://blog.boydmetals.com/boyd-metals-just-in-time-delivery-and-you-0) for this industry, we continue to build our relationships and rely on our supply chain for timely estimates and accurate inventories. We do this work and pass on this knowledge to our clients. Availability continues to be strong, which we see lasting through the summer. As these monthly have historically been months of lower demand, those ordering now may enjoy shorter lead times. One other timely item of note is the urging from the [American Iron and Steel Institute](https://www.steel.org/2022/07/aisi-urges-senate-passage-of-chips-bill/) (AISI) for the US Senate to pass the CHIPS bill. With the shortage of chips, the automotive industry would be at a standstill. If we can bring the production of these chips to the US we are not held hostage to the worldwide variables that happen on foreign soil, in turn, our steel mills can keep producing steel on a consistent basis. This will decrease the market volatility in our industry and make the job of managing the steel supply chain, for buyer and seller, that much easier. To stay up to date, follow our [Boyd Metals company feed on LinkedIn](https://www.linkedin.com/company/boyd-metals/).  Tags: [Insider Tips](https://blog.boydmetals.com/topic/insider-tips), [Industry Knowledge](https://blog.boydmetals.com/topic/industry-knowledge) ### Related Articles ## [Project Management: Multi-Gen Teams in Steel Industry](https://blog.boydmetals.com/investing-in-the-future-of-the-metals-industry) Your project just hit another snag. The new hire didn't follow the established process, your experienced crew member is... *( Read More )* Topics: [Insider Tips](https://blog.boydmetals.com/topic/insider-tips), [Industry Knowledge](https://blog.boydmetals.com/topic/industry-knowledge) ## [Red Metals: Copper, Brass & Bronze Grades, Properties, and Applications](https://blog.boydmetals.com/everything-you-need-to-know-about-red-metals) If you've ever worked with copper wiring, brass fittings, or bronze bushings, you've already worked with red metals. Copper,... *( Read More )* Topics: [Insider Tips](https://blog.boydmetals.com/topic/insider-tips), [Industry Knowledge](https://blog.boydmetals.com/topic/industry-knowledge) ## [Industrial Product Buyer Guide: Tips for Ordering from a Metal Company](https://blog.boydmetals.com/industrial-product-buyers-guide-tips-for-ordering-wire-mesh-expanded-metal-and-bar-grating-from-a-metal-company) Are you new to the metal service industry and feeling a bit overwhelmed by the intricacies of ordering industrial metal products?... *( Read More )* Topics: [Insider Tips](https://blog.boydmetals.com/topic/insider-tips), [Industry Knowledge](https://blog.boydmetals.com/topic/industry-knowledge) ![boyd-logo](https://blog.boydmetals.com/hs-fs/hubfs/boyd-logo.png?width=246&name=boyd-logo.png)   ![nasa-logo](https://blog.boydmetals.com/hs-fs/hubfs/nasa-logo.png?width=294&name=nasa-logo.png)   - About Us - [Core Values](https://www.boydmetals.com/our-core-values/) - [Our Mission](https://www.boydmetals.com/our-mission/) - [Play Hard](https://www.boydmetals.com/play-hard/) - [Team](https://www.boydmetals.com/team) - [Privacy Policy](https://www.boydmetals.com/privacy-policy) - [Products](https://www.boydmetals.com/products) - [Stainless Steel](https://www.boydmetals.com/stainless-steel) - [Aluminum](https://www.boydmetals.com/aluminum/) - [Carbon Steel](https://www.boydmetals.com/carbon-steel) - [PVF](https://www.boydmetals.com/pvf) - [Red Metal](https://www.boydmetals.com/products/red-metal) - [Industrial Products](https://www.boydmetals.com/products/industrial-products) - [Processing](https://www.boydmetals.com/processing) - [Sawing](https://www.boydmetals.com/processing/stainless-steel) - [Shearing](https://www.boydmetals.com/processing/aluminum/) - [Plasma Plate Cutting](https://www.boydmetals.com/processing/carbon-steel) - [Oxy-Fuel Plate Cutting](https://www.boydmetals.com/processing/pvf) - [HiDef Plasma](https://www.boydmetals.com/processing/red-metal) - [Laser Cutting](https://www.boydmetals.com/processing/industrial-products) - [Press Brake](https://www.boydmetals.com/processing/industrial-products) - [Plant Tour](https://www.boydmetals.com/plant-tour/) - Careers - [Available Positions](https://www.boydmetals.com/careers/available-positions) - [Apply Now](https://www.boydmetals.com/careers/apply-now) - [FAQ](https://www.boydmetals.com/careers/faq) - [Contact Us](https://www.boydmetals.com/contact-us) - [Request a Quote](https://www.boydmetals.com/get-a-quote)