SMU Data and Models
August 11, 2019
SMU Market Trends: Will the Mills’ Pricing Power Prove Short-lived?
Written by Tim Triplett
The mills may have the momentum today, but three out of four buyers responding to Steel Market Update’s market trends questionnaire this week expect that pricing push to be short-lived.
About 73 percent said they expect steel prices to drop in the fourth quarter. Another 11 percent said they are not paying higher spot prices at all, even after the string of recent mill price increases. In fact, they expect the uptrend in prices to end in a matter of weeks. The remaining 16 percent expect the mills to maintain their pricing momentum at least through the end of the year.
