Timna Tanners Sees 'Steel-Mageddon' Ahead

The video discusses the current market sentiment regarding trade deals, highlighting the potential risks and benefits. It examines the impact of tariffs on the US steel industry, noting the short-term price spikes and long-term capacity concerns. The concept of 'steel mageddon' is introduced, predicting a future oversupply in the steel market. The challenges of modeling the impacts of tariffs, particularly the second and third-order effects, are explored. The video concludes with a discussion on the future consolidation of the steel industry, with mini mills expected to gain prominence.

What are the expected long-term effects of the steel tariffs on the market according to the speaker?

What challenges does the speaker foresee for steelmakers in the coming years?

How does the speaker view the future of the steel industry in terms of capacity and competition?