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fxtrader07's
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There is a huge problem with the analysts' argument of a price slump due to cooling demand: many might not have a choice but to accept the higher steel prices and pass the costs on. It's similiar to the oil story and incidentally, very much connected to oil. the pipeline systems in many parts of the world are aged and need to be repülaced, the same is with oil rigs, oil plattforms, water pipelines, powerplants. railways etc. Wherever you look you need to replace or to upgrade and you can wait only so long before you have to do it no matter the price of steel. It's a price-spiral that is feeding upon itself - starting from oil/energy towards steel and metals
Jun 30 04:32 am
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All Comments by fxtrader07 »Steel: The Top Is In Parts II, III [View article]