GFG sees ‘considerably better’ Q3 on short-term rebound, but no supercycle: CIO

摘要

London—UK-based steel, aluminum and renewable energy group GFG Alliance expects a “considerably better Q3” in terms of pricing and demand after “a very tough Q2,” but the recovery is more a short-term rebound rather than the start of any supercycle, according to Chief Investment Officer Jay Hambro. A supercycle would generally involve high levels of global demand and confidence and readiness of investors to support long-term projects “but I don’t think we’re in that place,” Hambro told S&P Global Platts in an interview. “A lot of stimulus from various parts of the world is leading a short cycle rebound and some fundamentals are very exciting, in particular demand for aluminum in the automotive and the construction space is very strong."