Sector Snap: Analyst says steel prices yet to peak
June 30, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
See Also: No End In Sight To Commodity Inflation - an excellent detailed, more in-depth analysis at Oxford Analytica/Forbes
Source: Forbes
Barclays Capital analyst Amrita Sen said demand for the commodity has yet to peak - which means this year’s price increases will likely be followed by more such gains.
“The recent surge in steel prices can in no sense be seen to have peaked, given the tightness in the scrap and raw material market,” the analyst wrote.
