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World HRB export price upturn likely despite growing Chinese oversupply.
The price of hot-rolled band (HRB) on the world export market seems to be on the verge of rallying. When steel buyers and sellers return to work after their summer vacations, many of them will find business activity and steel demand to still be strong. The World HRB export price rally might be led by a rally in the United States, where a recovery seems imminent. To see the detail on the “tea leaves” that WSD is reading in order to arrive at this forecast (65% odds), become an annual subscriber at www.worldsteeldynamics.com/order_form/index.html.
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