Recession Fears Could Derail The Global Metals Boom ...Middle East

OILPRICE - Economy
Recession Fears Could Derail The Global Metals Boom
source : OILPRICE ( Middle East ) () 21
Mexico’s steel metal market recently saw a slowdown, leading experts to believe that Mexico’s industrial metal market may soon turn bearish. Flat steel prices, along with long steel prices, have been dropping over the past several weeks. In fact, Mexico’s steel prices have been in steady decline since April. However, in mid-May, prices dropped sharply and remain bearish. This is a dramatic change from March of 2022, when Mexico’s steel metal market was following an unquestionably-bullish path.m Experts note that the Mexican…

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