February 2012 | Steel Tracker
North America, Japan and South Korea regional data focus: 2 February 2012
Buyers have well and truly returned to the market.
North America
Supply/Demand Fundamentals: Buyers have well and truly returned to the market. The seasonal trends are now being realised as buyers begin to stock up. The strong uptrend is now causing buyers to enter the market not only to satisfy initial demand but also, to purchase excess material ahead of further increases.Price Implications: After a lengthy period of price falls, steel makers will be rejoicing with the recent, successful price increases. We remain bullish for the remainder of Q1. The increased demand from the Chinese market will help to bolster a...
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