Steel, zinc prices to face downward pressure

May 02, 2012 | 05:06 PM | Chris Prentice

Tags  AMM's Galvanized and Coated Metals Conference, hot-rolled sheet, steel prices, zinc prices, scrap prices, John Anton, IHS Global Insight, Lisa Reisman MetalMiner

DEARBORN, Mich. — This year is on course to be a relatively flat year for steel and scrap prices, largely due to macroeconomic concerns and low-cost imports, according to IHS Global Insight’s John Anton, noting that zinc prices are also likely to be range-bound, with little to push them higher.

"The risk is firmly on the downside," Anton, IHS economist and director of its Insight Steel Service, told an audience during a panel on price trends Tuesday at AMM’s Galvanized and Coated Steel Conference in Dearborn, Mich.....

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