SMU Data and Models
February 12, 2019
SMU Market Trends: Will Price Hike Stick?
Written by Tim Triplett
Steel Market Update asked: Will the newly announced flat rolled price increase “stick” and be collected? Maybe not, said most respondents to SMU’s market trends questionnaire last week, but it will at least stop the slide.
Looking at the data, very few expect the mills to collect the full $40 per ton increase they announced last month. More than 11 percent expect the announcement to have no effect at all and that steel prices will continue declining.
