SMU Data and Models
March 8, 2020
SMU Market Trends: Few Expect Higher Prices
Written by Tim Triplett
Last week’s price hike by the mills did little to change the outlook of most steel buyers. The majority (52 percent) of those responding to Steel Market Update’s canvass of the market this past week still believe prices will remain the same, despite the latest $40 increase announced by the mills on Feb. 27. Another 22 percent expect prices to move even lower in the next 30 days, while just 26 percent anticipate higher prices.
