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Surprising steel prices defy law of supply and demand.

Publication: Metal Center News
Publication Date: 01-APR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Surprising steel prices defy law of supply and demand.(FROM THE EDITOR)

Article Excerpt
WHATEVER HAPPENED to the law of supply and demand? If not breaking it, the steel industry is certainly bending it. Otherwise, how is it possible that steel prices are reaching all-time highs at the same time that demand is sinking lower and lower? Indeed, while the rest of American industry is shuddering at the prospects of a U.S. recession in 2008, domestic steelmakers may experience their best year ever.

"No one has ever seen prices rise in the face of such lackluster demand,"...

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