Oil Dips After Four Weekly Gains on Demand Headwinds and Dollar
Oil lost ground amid signs of tepid demand, with a stronger dollar and key technical measures also putting a lid on the commodity’s recent rally.
Source: financialpost.com
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U.S. Short-Term Steel Outlook Remains Bullish
The rise in U.S. steel prices may continue in the short term, with longer mill lead times and outages, but demand headwinds and a contraction in the manufacturing sector suggest a potential downturn in the future.
Source: oilprice.com
Market in Backwardation Suggests U.S. Steel Prices May Hit Peak
Raw steel prices moved mostly sideways in March, though many see indicators that HRC costs may have reached their peak.
Source: agmetalminer.com