Final Thoughts
September 13, 2019
Final Thoughts
Written by John Packard
John Packard is on vacation…
Mill executives have been quick to deflect criticism of their plans to spend billions on mill modernizations and upgrades, arguing that the market will be able to absorb the new capacity–but most steel buyers aren’t buying it. Three out of four respondents to Steel Market Update’s market trends questionnaire this week said they believe the 6-8 million tons of new flat rolled capacity announced by the mills will push prices down and perhaps even force some mills to close.
