Steel Products
July 1, 2021
SMU CEO and Steel Buyers Discuss Steel Prices
Written by John Packard
Interesting comments received earlier this week from a steel executive whom I know well, and I respect his opinions. The topic of the day was one that I know drives the steel mills crazy – steel analysts’ price projections.
Many of the analysts are calling for prices to peak within the next 60 days (in other words, we should be seeing signs of a peak by the time the SMU Steel Summit Conference begins on Aug. 23 in Atlanta (or virtual if you are unable to travel). Not every analyst is making those predictions, and it will be interesting to hear what Timna Tanners (Bank of America), Josh Spoores (CRU), and John Anton (IHS Markit) have to say when they provide their analysis at our conference.
