SMU Data and Models
December 28, 2020
SMU Market Trends: Buyers Finish 2020 in a Positive Position
Written by Tim Triplett
Looking back at the past year, 2020 was not the disaster many in the steel industry had feared. And looking ahead, 2021 appears even more promising, say OEM and service center executives polled by Steel Market Update last week.
Despite an economy that struggled with the COVID pandemic, as well as civil unrest and an acrimonious election, steel prices soared. Two out of three respondents to SMU’s poll said 2020 was comparable, if not better, than 2019 for their business.
