Originally Posted by
junkfreak
What do you base this on?
We like facts. To me steel has never been "high" priced. Iam already seeing price increase.
So if you got some solid info please share.
Read the last two issues of scrap magazine.
and yes we will/are seeing a small increase because the Chinese new year ended
increasing the exports, domestic markets have to match. But that maybe offset by Obama vetoing Keystone pipeline.
Threat of war will not have a great effect on the steel market, as most modern weapons are aluminum and silicon(missiles)
the US army has more tanks then crews and have begged congress to stop buying M1s. shipbuilding just is not on any ones mind at all as the US clearly has the most capable Navy in the world In short there is no reason for the steel market to go up... So it wont, unless someone sees something on the future others have missed expect Steel to stay about 1/2 october 2014s price
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