Steel Products Prices North America
October 20, 2015
Global Trade in Coiled Plate through Q2 2015
Written by Peter Wright
This report is a trial balloon and we ask your opinion as to whether such an analysis for the three major sheet products would be of interest. If so, we would go to the expense of purchasing data from the Iron and Steel Statistics Bureau, in the UK for the global trade of HR, CR and HDG and would produce a quarterly report such as this for each. To be honest at this time we have no idea what surprises such reports would produce.
A word of explanation; weather is a good analogy for global trade. Weather moves from high pressure areas to low pressure. Global trade moves from countries with a weak currency and low domestic demand (high pressure) to countries with a strong currency and high domestic demand (low pressure). There is a wide range within each condition for both weather and trade. It is impossible to make a weather forecast for a particular city or a trade forecast for a particular country without knowing the greater region atmospheric conditions or in the case of steel, recent trends in global trade patterns.
