Steel Products Prices North America
January 19, 2020
Steel Market Update: Will 2020 Be a Better Year for Steel?
Written by Tim Triplett
2019 was a challenge for steel suppliers, with both demand and pricing on a downward slope for the first three quarters of the year. Although it’s still early, there are signs 2020 could prove to be a better year for the steel industry.
Steel mills, and the service centers that process and distribute their products, live and die by steel prices. These producers and distributors have shockingly little control over the price of their products. As a global commodity, the price of steel is subject to the shifting sands of supply and demand and various other random economic forces. When steel prices get too low, it’s not healthy for steel companies or the manufacturers and fabricators who depend on them.
