SMU Community Chat with Timna Tanners of Bank of America

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.