SMU Data and Models
March 3, 2022
SMU Survey: Steel Buyers Weigh in on Ukraine, Prices
Written by Tim Triplett
The war in Eastern Europe is hitting close to home for some steel buyers. Steel Market Update’s survey this week asked readers: How might the Russian invasion of Ukraine impact your business? Roughly three out of four of the service center and manufacturing executives who responded said they fear at least some fallout from the conflict overseas on their operations in the U.S.
Most said they expect the supply-chain disruptions and the lost shipments of pig iron and slabs from the two countries to cause shortages of raw materials and add upward pressure to global steel prices. Many are also concerned about the impact on the cost of energy. Following are some of their comments:
