Correction - steel prices to stay flat ...

We quoted an FT report on 31st March suggesting 'Steel prices set to soar...'

Four months on, we wish to correct this perspective. Our current best estimate is that steel prices will stay more or less flat for the next 12 months. This is because of slower-than-expected world economic growth, and relatively low steelmaking capacity utilisation rates in the coming months ...

For the latest [free] steel price forecasts 12 months out, please visit http://www.steelonthenet.com/price_forecasts.html.

blogger@steelonthenet.com