Copper, steel pricing to rise with Chinese demand: VTB

Apr 11, 2013 | 03:12 PM | Daniel Fitzgerald

Tags  Chinese demand, copper prices, steel prices, Wiktor Bielski, VTB Capital, VTB Capital Investment Forum, London Metal Exchange, warehousing Hong Kong Exchanges & Clearing

NEW YORK — Copper and steel prices should rise over the course of 2013 as Chinese demand rebounds following the country’s leadership transition, according to VTB Capital Plc.

Chinese demand for industrial metals is poised to bounce back over the next six to 12 months after having "bottomed out" during the third quarter of 2012, Wiktor Bielski, the Moscow-based company’s global head of commodities research, said at the VTB Capital Investment Forum in New York.....

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