The steel market is improving with prices rising from a low of $380 per ton in June 2009 to $540 per ton currently. Domestic steel mills and electric arc furnaces are increasing production to meet a rebound in demand, bringing capacity utilization rates higher. Imports are projected to decline significantly in 2009 due to the risks of volatile pricing and long lead times when purchasing foreign steel. The recovery remains dependent on continued improvements in service center inventories, domestic supply, and mill utilization rates.