SMU Data and Models
September 7, 2017
Steel Buyers Speculate on Storm’s Impact
Written by Tim Triplett
Three out of four steel buyers responding to Steel Market Update’s latest market trends questionnaire believe the hurricane and flooding in Houston will have a significant impact on the steel industry, at least for the short term. Following are some insightful comments:
· “It will have an impact. It will be negative in the short-term, but we could see a bump in the long-term. Unknown is how many small fabricators who buy steel are going to be sidelined for three to six months waiting on their insurance companies, etc.” Service Center/Wholesaler
