Long Products
October 6, 2020
CRU: Costs Push U.S., EU Longs Prices Up, But Asia Waits for China
Written by James Campbell
By CRU Principal Analyst James Campbell from CRU’s Long Products Monitor
Global long product prices increased in many markets this month as strengthening demand combined with higher costs and for some products in particular. Strength was not uniform however; prices were weaker in Southeast Asia and China, the latter due to weaker sentiment following lower than expected demand in September. Across Asia, the market is concerned on the direction demand in China will take after the national holidays.
