Thursday, June 2, 2016

May Steel Price Forecast


Portends continued USD bullish for now...





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2 comments:

Ryan Harris said...

Seasonally, June is one of the worst months for the US dollar. It's going to be a hard slog.

June 2, 2016 at 3:09 PM
Matt Franko said...

Ryan its probably summer driving season creating better pricing conditions for the traditionally imported oil.... USD bearish...

but I would add that we have added 4M bpd in domestic production over recent years so this effect might be muted these days...

June 2, 2016 at 5:37 PM

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