Analysis
June 6, 2021
Final Thoughts
Written by Michael Cowden
I want to thank the National Association of Steel Pipe Distributors for giving me a chance to open their summer conference in Denver last week.
I spoke about – what else, these days – steel prices. During the Q&A afterward and on the sidelines of the event, it was clear people were worried about (a) passing higher costs (for coil in the case of welded tube producers) along to their customers, (b) high inventory costs and (c) the potential for inventory values to plummet when prices eventually head down again.
