MEPS - North American Steel Price Recovery is Brought to a Halt

Fed will interpret as "dove-ish!".

The recent North American steel price recovery has proved short-lived as regional values continued their downward trajectory, this month. 

The sustainability of the recent price rises, in the US, hinged upon supply-side considerations. The introduction of import barriers on a number of flat products initially supported the domestic producers. 

However, steel imports, into the US, are steadily rising, month-by-month, from countries not covered by the trade cases. The restrictions are unlikely to be strong enough to reverse the negative price tendency that exists currently.

THE NORTH AMERICAN #STEELPRICERECOVERY IS BROUGHT TO A HALT https://t.co/whyNqAFRku

— Meps International (@mepssteelprices) September 29, 2016