June 2012 | Steel Tracker
North America, Japan and South Korea regional data focus: 8 June 2012
Prices for flat products have continued to decline leaving the MBR flat product index showing a wider disparity on a year-on-year basis.
North America
Supply/Demand Fundamentals: The recent stream of positive economic data coming from the USA should bode well for the steel industry, however, with budgetary considerations on the part of the federal government it will be the private construction investment that will lift the markets, if any.Price Implications: Prices for flat products have continued to decline leaving the MBR flat product index showing a wider disparity on a year-on-year basis. Prices are unlikely to achieve highs seen last year. The long markets are in a wait-and-see mode...
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