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With prices at historically high levels, a sudden drop would ordinarily be a major concern throughout the supply chain, but most of the participants don’t envision such a scenario unfolding. “We’re under the assumption, from talking to the mills, that it won’t subside for quite a while. We’re planning on the increases continuing through the end of the year and into early next year,” Belzer says.

All of this leaves the domestic mills running at or near capacity, particularly on the flat-rolled side. They must just to keep up with strength in most of their end markets, save aerospace…More