Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1333)	6/14/2002 4:38:56 PM
From: craig crawford	Read Replies (1) of 1643

7:31AM Sharp price rises could create worldwide steel shortage-- FT : The Financial Times reports that further sharp rises in steel prices this year could create a worldwide steel shortage, according to leading steel consultant World Steel Dynamics; says world export prices for a ton of commonly traded hot-rolled coil could rise to $400 by early next year, up from $260 now and $175 in December 2001; says there are signs of a "panic" by steel buyers which are seeking to build stocks before prices go up again, and as a result there is a "75/25 probability" of a global steel shortage later this year.

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