SMU Data and Models
June 7, 2018
SMU Market Trends: Most See Prices Moving Higher
Written by Tim Triplett
Nearly three out of four respondents to Steel Market Update’s market trends questionnaire this week say they predict flat rolled steel prices will move even higher from here. No doubt views were influenced by the Trump administration’s decision to stand firm on tariffs, even on imports from close trading partners in Canada, Mexico and the EU.
About 74 percent of the steel executives who responded expect prices to move higher, while 24 percent expect them to stay about the same. Only 2 percent see prices moving lower. Their comments clearly reflect concern over the effects of the tariffs:
