Steel Pricing: The Return of Volatility
August 17, 2012 - After almost two years of relative steel market stability, volatility has returned with a vengeance this summer. The roller coaster ride of the past three months has demonstrated again the extent to which current global economic dynamics have made steel pricing wildly volatile, and nearly impossible to predict.
In late spring 2012, scrap prices declined globally. This was driven by the overall weakness in commodities during this time, which in turn was driven by rapidly falling demand in Europe, China and other emerging markets.