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Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

US sheet prices remain high, but spot market tenuous

Posted on 15 August 2014

US sheet producers are enjoying relatively high, stable pricing compared with the rest of the world, but their position is far from guaranteed, market sources said Thursday.
“I think we’re in the beginning of a good expansion of metal use, but I don’t buy into the argument that prices need to go up,” said one trader. “Prices have been high for non-supply and demand reasons for a long time. If these guys aren’t careful, they’re going to kill that goose.”……………………………………….Full Article: Source


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