Final Thoughts
October 18, 2021
Final Thoughts
Written by Tim Triplett
It’s hard for most service center executives to feel any urgent concern about declining steel prices as long as demand seems so strong. But there are signs in Steel Market Update’s survey data this week that suggest demand is moderating. With prices likely to follow.
SMU asked: How are you seeing demand for your products? As the bars on the right in the chart below show, 21% said demand is declining while just 16% said demand is still improving. That’s a notable change compared with most of 2021 when the overwhelming majority reported steady to improving demand.
