SMU Data and Models
January 7, 2019
SMU Market Trends: Price Hike Coming in January?
Written by Tim Triplett
With finished steel prices continuing their second-half decline through the end of 2018, the market is holding its collective breath to see if the mills announce a price hike this month. Many believe they will try to raise prices, but most are doubtful they will succeed. Following is what industry sources told SMU this week:
• “Yes, two different mills have mentioned it to me when we discussed prices still falling. The typical mill response is ‘not for long.’”
