- We might see demand increase if COVID worries lift and travel starts to get back to 2019 levels boosting oil production once again. Currently, demand is weaker than LY and inventories are high. There is an open ITC trade case that could curb imports. We have seen a 6-8% increase for early 2021 stemming from raw material increases.
Domestic Forged Steel: December 2020
December 1, 2020