SMU Data and Models
January 12, 2020
SMU Market Trends: Steel Buyers Split Over Staying Power of Prices
Written by Tim Triplett
As the laws of economics have proven time and again, supply and demand will determine whether steel prices continue to rise in 2020. Demand is set by the marketplace; supply can be controlled by producers.
Steel Market Update canvassed the market this week, asking readers: Has enough flat rolled capacity been removed to keep prices rising over the next few months? Opinion was split. No, said 58 percent of respondents; yes, said the other 42 percent.
