A few weeks ago, at a luncheon meeting in New York of steel traders, the discussion turned to the fact that spot prices of most finished steel prices were a lot calmer this year than last. “Who says it always has to be a roller-coaster market?” asked a long-time steel trader. “A period of price stability can be a good thing.”
Whether volatility versus stability is good or bad is not the focus of this article. But the comment itself was enough to prompt a study of this year’s steel prices compared with last year. After quantifying the steel trader’s comment, the look was extended to an analysis of some other key commodities assessed by Platts.