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Metals Meltdown

Steel prices: Deja vu all over again?

February 24, 2017 (7:08 mins)



Prices have been on the rise in early 2017 for steelmaking inputs and finished materials, but so has production. Year-on- year Chinese steel output was up 7% in January, according to the latest World Steel Association data, and US production rose by 6.5%. Can both upward trends co-exist, or will this year see a price crash akin to the one seen in early 2016?

The Metals Meltdown boys discuss whether steel market participants will feel like they're living through a less-funny version of Groundhog Day in 2017.


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