SMU President Discusses Steel Demand & Steel Training

One of the questions we are constantly asked as we speak to steel buyers around the country: How is demand and are you seeing any demand destruction due to the high commodity prices such as steel? Most customers are telling SMU that demand remains quite strong, steel continues to be in short supply, and the steel mills are slowly catching up on late orders.

When asked if the high prices are hurting demand, one steel buyer told us, “Nada. At some point the naysayers will stop with the ‘Chicken Little Act.’ Folks might be buying slightly less, but not enough to hurt total demand. That wouldn’t really take hold until we get to $2,000/ton – and we won’t get there, right? RIGHT?!?”