SMU Data and Models
August 7, 2018
High Prices, Unpredictable Conditions Keep Steel Buyers Cautious
Written by Tim Triplett
Most steel buyers are keeping inventory levels steady or even lower believing that, with steel prices so high, the risk is to the downside for the rest of this year. As one steel executive commented: “We are running inventories lean based on the elevated cost and our opinion that there is a greater chance for prices to decrease than increase.”
Steel Market Update canvassed the market this week. Following are other buyers’ (anonymous) comments on market conditions:
