Steel Products
September 10, 2019
SMU Summit: Three Distinct Views in the Debate Over New Capacity
Written by Tim Triplett
Do plans by U.S. mills to add millions of tons of new steelmaking capacity over the next few years make a price-killing supply glut inevitable? That’s a question very much open to debate, as shown by the spirited exchange between three leading analysts during Steel Market Update’s Steel Summit Aug. 28 in Atlanta.
Despite some pushback from the market, Timna Tanners of Bank of America Merrill Lynch is sticking by her prediction that “Steelmageddon” (a term she has trademarked) is coming and, like a runaway train, cannot be stopped.
