Steel Products
August 27, 2020
Steel Summit Poll Favors Trump Again
Written by Tim Triplett
The “crowd” at this year’s Steel Market Update Virtual Steel Summit was a conservative and somewhat pessimistic one, judging by polling data gathered during the event this week. SMU posed eight questions to the 900 industry executives who registered for the summit and this is the breakdown of their opinions.
The majority view of the industry: Steel demand will be down more than 10 percent at this time next year and the hot rolled steel price will be under $400 per ton. But the new steel capacity coming online in the next few years will be good for business.
