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.
(Picture: siehe Grafik)
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/cdn4.vogel.de/infinity/white.jpg "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.")
