Macquarie Bank has forecasted further downside risk to steel prices
Livewire News
Livewire
Macquarie Bank has forecasted further downside risk to steel prices. Metals prices continued their sell-off last Thursday, with copper dropping 1% to close just above $7,000/t while nickel breached the $14,000/t barrier. Recent steel price movements have shown a divergence in US pricing from the rest of the world. With raw material prices falling, the bank sees further steel price downside into July.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
1 topic
Livewire News
Livewire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise
Livewire News
Livewire
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment