A PROPURCHASER INSIGHT: Here’s why Steel prices are up so much over the last 6 months – from author Mike O’Hara | Steel Industry Mid-Year Review: Can the Party Continue? |
07.11.16 – Steel industry mid-year review –
In the last couple of years, the US steel industry has been plagued by cheap imports from countries like China and Korea. Last year, US steel prices fell to levels that weren’t seen during the height of the 2008–2009 financial crisis. Steel and some steel-making raw materials had the dubious distinction of breaching 2009 lows. Notably, other industrial metals like copper and aluminum managed to hold on to their 2009 lows despite all of the sell-offs in the commodity space.
Read the rest of this ProPurchaser sourced article, HERE.
SOURCE: Market Realist
AUTHOR: Mark O’Hara | View Mark’s profile at LINKEDIN