SMU Community Chat: Tanners sees tags tapering off in second half

Timna Tanners thinks the current steel price rally will lose steam and prices will slip as we get deeper into 2026. Tanners, managing director at Wells Fargo, sat down with SMU Editor-in-Chief Michael Cowden last week to discuss her view of the market, where steel prices have been rising over the last few months.

Her team has “been pretty bullish about steel prices” for nearly a year, she said. However, their current view is “prices were going to peak and roll off in the second half, really more in the fourth quarter.” Slower demand and increased supply are among the chief reasons.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

Latest in Community Events

Join SMU for a Community Chat with AGC Chief Economist Ken Simonson on Oct. 28

Last chance to save: Tampa Steel Conference early-bird rate ends Sept. 30

Coming soon: SMU Daily Digest newsletters

Steel Summit: Cox sees US auto demand ‘steady as she goes’

Steel Summit: Panelists weigh in on US-Canada tariff fight and other trade issues