World Steel Dynamics Predicts Steel Price Will Fall Dramatically

July 2008
Metal Center News;Jul2008, Vol. 48 Issue 8, p35
Trade Publication
The article reports on the prediction presented by World Steel Dynamics Inc. concerning the possible declination of steel prices. It has been forecasted that there is an 85% possibility for the price to fall and 50% for it to drop in the second half of 2008. Analysts Peter Marcus and Karlis Kirsis had delivered their report to the 1,400 attendees of the Steel Success Strategies XXIII conference. The pricing forecast said to be the one of the nine wild card predictions made by the analysts.


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