Economy
September 9, 2014
Tanners & Anton Discuss Consolidation, Imports & Steel Pricing
Written by Sandy Williams
Steel Market Update featured Timna Tanners, Metals & Mining Analyst, Bank of America-Merrill Lynch, and John Anton, Director of Steel Services, IHS Global, at a luncheon presentation at the recent Steel Summit. The topic was commodity and steel forecasts and consolidation of the industry. As usual the two disagreed on some topics and sparked some discussion from the audience.
In her discussion on global pricing, Tanners began by describing a bull and bear case for sustaining pricing power. The bull case results from consolidation, trade cases, and discipline; the bear case from spare capacity, global pricing premiums, and temporary outages.
