Timna Tanners, metals and mining analyst for Bank of America, will be the guest speaker for the next SMU Community Chat, beginning at 11 a.m. ET on Wednesday, May 6.
Tanners raised eyebrows last year with her prediction that the mills’ many planned capacity additions would oversupply the market in the next few years and cause “Steelmageddon,” a dramatic drop in steel prices. As it turns out, it’s the coronavirus pandemic that has wrought a sort of armageddon on the global economy and steel prices. Rather than adding capacity, the mills are now taking dramatic steps to curtail production and align it with the weak demand.
With the domestic steel mills having released earnings and conducted conference calls with analysts this past week, the timing is perfect to discuss supply, demand, future projects, steel prices and a whole lot more with the top metals and mining analyst in the industry.
Be sure to join us for Wednesday’s webinar to learn how Tanners has modified her outlook for the steel market in 2020 and beyond.
PS – If you’d like to see past Community Chat webinars, you can find those here.