29.01.2009 - Quartararo: The bottom has arrived in steel
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