Don't Get Too Comfy in That Catbird Seat

摘要

STEEL PRODUCERS AROUND THE GLOBE are in the catbird seat when it comes to today's sky-high metal prices, but they best not get too comfortable there, warns analyst Peter Marcus. Contrary to the prevailing view that market conditions will sustain steel in 1,000 dollars per ton territory for some time to come, Marcus and World Steel Dynamics expect steel prices to drop on the world market in the second half, perhaps precipitously.