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Quartararo: The bottom has arrived in steel

Posted on 29 January 2009

From Hardassetsinvestor.com: After doubling in price, steel has come down sharply – in fact retracing all of its gains over the past few years in very short order. Last time we met, prices were around $580 a metric tonne. In the peak, in the summertime, probably in July, the price of steel went to $1,200 a metric tonne for hot coil rolled steel.

Since that time, the prices have completely contracted, and now we’re back at levels below that $580 a tonne….. Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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