Raw Steel And Copper Prices Moved High In December Even As Stainless Prices Fell Again

In a clever ploy, US carbon-steel producers are continuing to hold down production following cuts instituted during the strike at US automakers, in order to suppress supply and thus boost prices. It’s working. According to MetalMiner, US Midwest futures prices for carbon steels rose 10.7% for the month ended mid-December. This helped push the global…