Car Demand Up, Sideways Steel Prices Helping Industry
Pent-up consumer demand still runs strong in the industry, however, it still continues to battle high interest rates and falling steel prices.
Source: agmetalminer.com
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Pent-up consumer demand still runs strong in the industry, however, it still continues to battle high interest rates and falling steel prices.
Aluminum prices rose just slightly this past month, but concerns over Russian supply in the LME and overall demand remain.
Concerned about an influx of cheap Chinese steel, Indian producers look to protect steel prices as well as themselves.
Ukraine's Ferrexpo recently reported a boom in production, which could have major implications for global iron ore prices.