Higher ore and alloy prices, while a cause for celebration among suppliers, also triggered a sense of dread. Virtually all the suppliers believe the current spurt in prices is unsustainable, especially with all the closed capacity rushing on stream. Also, the price spike cannot be justified by much higher demand.
As a result, they are all asking, when will prices fall (collapse) and how far will they go down. No one can answer those questions, even if a few analysts think they can. The best the suppliers can ask for is a gentle drop, unlike the current surge.
Meanwhile, buyers outside of the US are faced with a double whammy; higher prices and a higher dollar value.