steel, ferrous scrap prices still seen bottoming, but then a boom: wsD

摘要

New York—Steel hot-rolled coil prices in the US are likely to bottom at around $500/short ton this year, but then rally to $720/st in Q1 2020 as they ride a global steel boom, Peter Marcus, managing partner at World Steel Dynamics, said Tuesday at the Steel Success Strategies conference 2019. He also forecast that the world HRC export price, currently at about $500/metric ton FOB, falls to only $450-$475/mt in the months ahead “as steel buyers remain spooked by fears that a global trade war will be slowing global growth.”