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