Steel Market Backwardation Signals Potential Price Peak ...Middle East

OILPRICE - Economy
Steel Market Backwardation Signals Potential Price Peak
source : OILPRICE ( Middle East ) () 46
Via Metal Miner U.S. flat rolled steel prices closed the year decidedly bullish. A nearly 14% month-over-month rise saw HRC prices easily outperform all base metals both during the month and throughout 2023 as a whole. Meanwhile, plate prices saw an upside correction after prices traded down throughout November. HRC Prices See First Decrease Since September HRC prices finished 2023 very strong. In fact, the turn of the year marked three consecutive months of increases that saw prices rise over 61% from their late-September low. While the bullish…

Hence then, the article about steel market backwardation signals potential price peak was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Steel Market Backwardation Signals Potential Price Peak )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
Two Hands Corporation Confirms Completion of Voluntary Delisting from the Canadian Securities Exchange and Provides Update on Quantum-Focused Corporate Name Change
PR Newswire - before 10 hours & 24 minute
US LNG exporter cashes in on Iran war
Russia Today - before 9 hours & 57 minute
Migu and Lenovo Turn World Cup Predictions into a Human vs. AI Competition
PR Newswire - before 9 hours & 29 minute
ITC Makes Affirmative Final Determination in Critical Trade Case on Fiberglass Door Panels from China, Wiley Reports
PR Newswire - before 11 hour & 28 minute
Игра становится ближе -- инновационные дисплеи Hisense выводят просмотр FIFA World Cup 2026™ на новый уровень
PR Newswire - before 11 hour & 7 minute
Cognizant will die Zahl seiner „Frontier Certified Engineers" auf 5.000 und die seiner „Frontier Business Operators" auf 10.000 erhöhen
PR Newswire - before 10 hours & 3 minute
The Strait Of Malacca Faces Growing Fears Of Copycat Shipping Fees
OILPRICE - before 11 hour & 4 minute
6 tips to build a comfortable financial safety net
INDEPENDENT - before 2 hours & 12 minute
transcosmos donates to Sapporo City via corporate furusato nozei, receives the Medal of Dark Blue Ribbon and a certificate of appreciation
PR Newswire - before 2 hours & 56 minute
Peptide Tracker Launches on Google Play, Bringing Dedicated Protocol Tracking to Android
PR Newswire - before 11 hour & 51 minute
People Are Talking About Contango While Oil Markets Are Far From Recovered
OILPRICE - before 10 hours
America's Answer to China's Molten Salt Reactor
OILPRICE - before 11 hour & 58 minute


Latest News

Unilumin Awarded EcoVadis Silver Medal, Ranking Among the Top 6% of Companies Worldwide for Sustainability Performance

before 2 minute

South Africa: Shoprite in the Spotlight As Human Rights Commission Grills Food Giants On Pricing

before 7 minute

More LNG Carriers Brave the Strait of Hormuz Despite Renewed Hostilities

before 35 minute

What is the stoozing personal finance hack – and how does it work?

before hour & 19 minute

Ignite Visibility Strengthens Executive Leadership Team with Executive CFO Appointment

before hour & 23 minute

India Expands Strategic Oil Reserves With New ONGC Storage Plan

before hour & 31 minute

EQT to acquire Copia Power, a leading integrated power and AI infrastructure platform

before 2 hours & 8 minute

6 tips to build a comfortable financial safety net

before 2 hours & 12 minute

transcosmos donates to Sapporo City via corporate furusato nozei, receives the Medal of Dark Blue Ribbon and a certificate of appreciation

before 2 hours & 56 minute

Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate

before 3 hours & 5 minute

Zimbabwe: Air Zimbabwe Announces London Return Date, Sets Promotional Prices

before 3 hours & 46 minute

The Coming Power War That Will Define the AI Era

before 9 hours

Migu and Lenovo Turn World Cup Predictions into a Human vs. AI Competition

before 9 hours & 29 minute

OpenAI’s CEO of AGI Deployment Fidji Simo Is Stepping Down

before 9 hours & 42 minute

Firms improving design of products and services under Consumer Duty, FCA finds

before 9 hours & 44 minute