SMU Data and Models
August 20, 2017
Will Latest Round of Price Hikes Stick?
Written by Tim Triplett
No one was surprised when major U.S. steel mills announced a $30 per ton price hike on flat rolled and plate this week. The price hikes were widely expected. But a majority (58 percent) of respondents to SMU’s latest flat roll market trends questionnaire will be surprised if the higher prices stick.
Some predict the price, or a portion of it, may hold for a while, but most feel demand is insufficient to support it long-term. Following is a sampling of their more insightful comments:
