Here’s a quick metal market update!
Copper is still holding around the $3.76 which is around the same since we last talked.
Upcoming factors that could move this price are the FED meeting in the last week of July and the Yuan vs. the Dollar.
Steel numbers have also been released for July with everything pretty much staying flat besides busheling which went down $20 a ton for the month.
Summer is never really a great time for steel so the fact that most of it was steady was pretty good news for the market.
Aluminum is also still sticking right under that one dollar mark as projections are still down in the coming months because of an over supply of the metal.
So typical summer doldrums in the metal market. Hoping to ride out these lower levels until the fall.