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Global Commodity Prices Rose Sharply Early This Year

Iron ore prices rose by a good $4 per month on average. In Europe, prices for hot-rolled wide strip (+1 %) and for galvanised sheets (+0.3 %) remained almost stable. On the other hand, wire rod saw an increase of 8 %. However, it is unlikely to maintain its level. Trend: By the end of Q1 2018, steel prices will move sideways and wire rod has potential for correction downwards. Slightly lower prices should result for scrap in February. (siehe Grafik) arrow back arrow forward Image Zoom
Iron ore prices rose by a good $4 per month on average. In Europe, prices for hot-rolled wide strip (+1 %) and for galvanised sheets (+0.3 %) remained almost stable. On the other hand, wire rod saw an increase of 8 %. However, it is unlikely to maintain its level. Trend: By the end of Q1 2018, steel prices will move sideways and wire rod has potential for correction downwards. Slightly lower prices should result for scrap in February. (Picture: siehe Grafik)
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