Solutions
From the President's Desk: Steel Supply, Demand, and Prices
Steel Prices, as measured by the Steel Scrap Producer Price Index , are expected to edge lower as demand wanes in the coming year.
Sneak preview of what you can expect from ITR Economics' Alan Beaulieu and Lauren Saidel-Baker on June 17, 2021 as they discuss supply, demand, and inflation!
Supply chain issues are a genuine constraint for some businesses. We will examine the supply side of the equation in terms of domestic production and our projection for demand as we move through the rest of 2021 and in 2022. Imports and activity related to the USMCA will be top of mind as we look at the economic outlooks for Canada and Mexico. Trade under the USMCA will be a topic of discussion.
Imports in general and in key categories will be analyzed. We will examine the trends out of China, Europe, Mexico, and Canada. Imports coupled with domestic production will provide a solid view of the future availability of steel, aluminum, and computer chips, among others.
Pricing issues abound, and in addition to the above, we will look at other metals as well as paperboard containers and plastics/resin. The discussion on pricing will include some strategies to consider as a means of protecting profitability.
In addition, the macroeconomic outlook will provide a basis for a discussion of the likely strength of the US dollar over the next 12 months.
President Alan Beaulieu and Economist Lauren Saidel-Baker
Sign up for Alan and Lauren's webinar to learn more!
