Steel prices set for further falls says US expert
29 August 2012
Global steel prices will be lower in 2006 and shortages are unlikely, a US economist has predicted.
But there will be no early return to the low prices of the 1990s and first three years of this decade, according to John Anton, director of the steel service at Global Insight, a Washington DC-based consultancy.
“Steel costs will be lower [in 2006]. I can almost guarantee it,” said Anton in a speech at the ProcureCon conference in Arizona.
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