Final Thoughts
August 26, 2020
Final Thoughts
Written by Tim Triplett
The COVID-19 pandemic has clearly taken a toll on the attitudes of many industry executives. The pessimism is evident in some of the responses to polling conducted during the SMU Virtual Steel Summit this week.
We asked the hundreds of executives on the site: Where do you believe steel demand will be at this time next year compared with today? About 54 percent, the majority, said down more than 10 percent from where we are now. Really? Consider all the comments by the experts on various panels who suggested that the economy and steel market are on the rebound. We may not get all the way back to where we were before the pandemic in just one year, but surely we will make progress from where we are today.
