13.12.2013 - Why base metals prices are tumbling, steel is up and GOES just wacky
The reasons behind the wheels of the base metals complexes coming off. Raul de Frutos, MetalMinerís lead forecasting analyst, contributed what he sees in the cards for aluminum, copper, steel and nickel. A current index rise for our Raw Steels MMI (and coincidentally, the Construction MMI), but tempered with our Debbie-Downer reasons for why thereís not a whole lot of optimism in the sector. A bunch of activity in the grain-oriented electrical steel (GOES) sector, namely why there appeared to be such a crash in Decemberís index reading and what AK Steel and Allegheny Technologies have to do with that market..............................................Full Article: Source
Print