will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
will government's massive surge in investment ... - Myiris.com
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Apr-Jun 2013 Earn<strong>in</strong>gs Preview<br />
US HRC spot prices fell 5.9% QoQ or US$36/short tonne at US$587 <strong>in</strong> the quarter,<br />
primarily due to weak global prices. Domestic demand rema<strong>in</strong>ed strong on the back<br />
of strong demand from the auto and hous<strong>in</strong>g sector.<br />
North America HRC Price<br />
690<br />
670<br />
(US$ / short tonne)<br />
650<br />
630<br />
610<br />
590<br />
570<br />
550<br />
Jun-12<br />
Jul-12<br />
Aug-12<br />
Sep-12<br />
Oct-12<br />
Nov-12<br />
Dec-12<br />
Jan-13<br />
Feb-13<br />
Mar-13<br />
Apr-13<br />
May-13<br />
Jun-13<br />
Source: Bloomberg, PL Research<br />
European average HRC prices fell 8% QoQ or US$52/t at US$604 on account of weak<br />
exports demand and depressed global prices.<br />
Europe HRC Price<br />
710<br />
690<br />
(US$ / tonne)<br />
670<br />
650<br />
630<br />
610<br />
590<br />
570<br />
550<br />
Jun-12<br />
Jul-12<br />
Aug-12<br />
Sep-12<br />
Oct-12<br />
Nov-12<br />
Dec-12<br />
Jan-13<br />
Feb-13<br />
Mar-13<br />
Apr-13<br />
May-13<br />
Jun-13<br />
Source: Bloomberg, PL Research<br />
July 8, 2013 126
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