Are Today’s Metal Price Forecasts More Reliable Than Ever?

Not many years ago, I attended a large steel conference. A speaker there referenced his past years’ price predictions by saying, “I sure got that wrong.” To many, picking metal prices as a means of providing a price forecast may seem like a fool’s errand. But in reality, technology and techniques have evolved long past the point of mere “guesswork.” Instead, buying organizations now have the means to accurately identify where prices will go. In addition to this, they can determine specific actions to mitigate…