TITLE

Analysts: Discontinuity 'Surprises' Steel Market

PUB. DATE
July 2005
SOURCE
Metal Center News;Jul2005, Vol. 45 Issue 8, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information related to the steel market. In early 2003, the global steel industry entered an age of discontinuity. Since then, the pattern of events has been inconsistent with those of the prior years. In mid-2003, the industry entered an age of steelmakers' metallics, which culminated in 2004 with extraordinary increases in steel prices and in early 2003 with the massive increase in iron ore and coking coal prices. Global steel demand in 2005 will be higher than in 2004, although the year-to-year gain will be less than in 2004. Steel scrap prices have fallen enormously since November 2004.
ACCESSION #
17714261

 

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