Chris Olin's questions to Metallus (MTUS) leadership • Q2 2025
Question
Chris Olin from Northcoast Research asked about potential price increases for SBQ bars and how customer apprehension regarding tariffs might affect the upcoming 2026 contract negotiations.
Answer
CEO & Director Mike Williams stated he would not comment on future pricing but noted that historically, price follows demand. He explained that larger customers are in a 'wait and see' mode on tariffs, partly due to existing import inventory which is expected to be depleted by late Q3 or early Q4. Williams confirmed that about 70% of 2025 business is under contract, with 2026 negotiations expected to begin in late Q3 and continue through Q4.