Steel Products Prices North America
February 15, 2015
Port Panelist Discuss Imports, Pricing & Consolidation
Written by John Packard
Keith Busse, former CEO of Steel Dynamics (SDI) told those assembled at the Port of Tampa Steel Conference held this past week in Tampa, Florida that “…It was bound to happen.” What he was referring to was the steel community being impacted by the strong dollar, surging imports and a world economy which he described as being “in trouble.”
He went on to say, “Prices recently have been in a free fall. There is shock about how far scrap prices have fallen recently.” And he finished with, “It was bound to happen… Where’s the bottom? I don’t think anybody knows.”
