NON FERROUS METALS PRICE RIDE STOPPED

Zinc, Aluminium and Copper prices curved down in LME end December, as estimated by Steel Blog on December, 9th.

Steel Billet prices continued going down and we do not see any fundamental in global markets to consolidate the price increases on steel coils of the last six weeks.

EU economic area is far from recovery and USA growth will be affected by the late, weak and incomplete agreement achieved to avoid the fiscal cliff.