What if steel prices don’t return to “normal”?

www.thefabricator.com: If you have been keeping a close watch out for the inevitable fall in steel prices, you’ve probably heard this phrase quite often in recent weeks: “Look what happened in lumber.” In case you’ve been living under a rock (or tree), lumber prices fell by more than 40% in June, their biggest monthly drop on record. What if steel prices fell by the same amount over the same period? Steel Market Update’s hot-rolled coil (HRC) prices stood at $1,770/ton ($88.50/cwt) as of July 9. A similarly rapid descent in steel would mean $1,060/ton ($53/cwt) HRC.