Final Thoughts
February 26, 2021
Final Thoughts
Written by John Packard
There has been much said about the squeeze on supply of flat rolled and not as much about demand. Demand has been quite good in all sectors except the energy sector, which has been struggling for a couple of years due to prices that went below $40 per barrel.
Now we are seeing warning signs regarding demand as the lack of semiconductors has already hit a number of U.S.-based automotive manufacturing companies (see article above). Appliance, another steel intensive industry, is warning that their manufacturing plants could be next.
