SMU Data and Models
November 15, 2020
SMU Market Trends: When Will Market Peak?
Written by Tim Triplett
Steel Market Update’s check of the market this week shows that the flat rolled mills are extremely busy and operating near full capacity. More than 80 percent of the service center and OEM executives responding to SMU’s questionnaire said they are seeing late deliveries from their mill suppliers. More than 60 percent expect a shortage of at least some products in the next few months. Various factors point to even higher steel prices.
The vast majority (86 percent) said they are expecting another round of price increases from the mills soon, whether a formal announcement or an informal push, and many are not happy about it:
