SMU Survey: How Soon Before Supply Overtakes Demand?

Written by: John Packard

In what might be perceived to be a positive for the domestic steel industry, the steel buyers and sellers responding to the latest SMU steel market survey believe the domestic mills have at least 30 days if not longer before the current price cycle is broken. We asked those responding to our online questionnaire if they felt the additional supply being brought back by AK Steel and ThyssenKrupp would impact pricing.  As you can see from the bar graph below all market segments believe there will be a return to an over-supply position in the marketplace.