wow, spot pricing may be reflecting that there’s been a small percentage increase in stockpiles in November then October indicating more supply then demand for that month which was similar the year before while steel producers shut down over winter but have a look at the whole picture! Stockpiles down to 170t from close to 4000t...... also have a look at the last two years at the stockpiles from January Through to April, that’s when the stockpiles take a hit......that’s all pre rebar standards too so what’s January through to April going to do to this years stockpiles?
Largo shutting down my January too for maintenance...
TMT Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
