The SMU Steel Summit 2023 brought together a record number of decision-makers to network and share the latest insights, analyses, and observations from the metals industry. The atmosphere in the conference center was cautiously optimistic, as the metals industry is coming off a year of growth but expecting headwinds in the second half of 2023.
Indicators such as rising borrowing costs, mounting consumer and public debt, a decline in gross domestic product across international markets, and continued labor challenges suggest potential hardships for the industry. To address these concerns, SMU Steel Summit panelists and keynote speakers offered several perspectives – many of which pointed to technology – on how metals leaders can best position themselves in case of a downturn next year.