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Headwall Partners Releases 2024 Steel & Metals Outlook Survey

Headwall Partners LLC, a specialized investment banking firm in the steel, metals, and mining industry, today revealed its eighth annual Steel & Metals Outlook Survey. This survey draws from the insights of North American industry leaders to forecast sector growth dynamics and the impact of economic policies.

Peter J. Scott, the firm's founder, highlighted the survey's record-breaking executive participation, enhancing the relevance of the findings. The survey engaged top executives to gauge growth strategies in the metals sector across various subsectors and geographic locations.

Key takeaways include a common expectation of a soft landing for the U.S. economy, with workforce availability, inflation, and the upcoming U.S. Presidential election identified as significant risks. Additionally, the majority of executives anticipate 2024 HRC and P1020 aluminum ingot prices to stay within specific ranges, while only a minority expect to see a real price premium from decarbonization costs in the next five years. Furthermore, an overwhelming 87% believe the North American steel & metals industry's public companies are undervalued.

R. H.

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