Chris Olin's questions to Metallus Inc (MTUS) leadership • Q2 2025
Question
Chris Olin of Northcoast Research asked about potential price increases for SBQ bars, how customer apprehension over tariffs might affect 2026 contract negotiations, and what portion of the business is subject to contract renewals.
Answer
CEO Mike Williams stated that while he wouldn't comment on future pricing, historically, price follows demand. He mentioned that larger customers are in a 'wait and see' mode on tariffs, pending the depletion of existing import inventory, which is expected by late Q3 or early Q4. Williams confirmed that 70% of 2025 business is under contract, with negotiations for 2026 expected to begin in late September and continue through the end of the year.