SMU Community Chat
May 14, 2020
"Realism Outweighs Optimism," Says Next Community Chat Guest
Written by Tim Triplett
John Anton is apologetic that his forecast for the steel market is so gloomy, “but realism outweighs the optimism,” he tells Steel Market Update. The Associate Director of Pricing and Purchasing at IHS Markit, Anton will be the guest speaker during the next SMU Community Chat webinar, beginning at 11 a.m. ET on Wednesday, May 20.
Unlike some other analysts, Anton and IHS don’t expect a V-shaped recovery for the U.S. economy. Just because the economy plunged so sharply following the government shutdowns to stem the spread of COVID-19 doesn’t mean the upturn will be equally sharp. The economy is more likely to experience a protracted U-shaped recovery that will take years, not months, Anton said, as it undergoes structural, not just cyclical, changes.
