Stainless Steel Over Coiled?

Last week was a strong one for commodities in general, a Credit Suisse report notes. However, there was one oddity out of China that sent prices lower on Friday, particularly in the futures market. While steel was higher, it was the stainless steel prices  – which has different economic performance drivers than does coiled steel – might be where real value is found. While trends have been lower in iron ore, that market could look higher three months from now as zinc, which has seen higher prices since June, might be due for mean reversion. Market supply and demand could be impacted in the week ahead as China, a leading demand force, has stated...