Summer swoon. World export and USA hot-rolled band spot prices set to weaken.

WSD is shifting the odds on the price movement of hot-rolled band on the world export market as follows: · Price up sharply in the next few months. New odds at 10%. Prior odds at 30%. · Price holds steady. New odds at 30%. Prior odds at 35%. · Price declines but not precipitously (down perhaps ten percent). New odds at 50%. Prior odds at 30%. · Price plummets sharply (not likely due to generally not excessive buyer inventories, a growing world economy and a current world export price not extra-ordinarily high relative to the mills’ cost). New odds at 10%. Prior odds at 5%. For more details on WSD's outlook, become a WSD subscriber at http://www.worldsteeldynamics.com/order_form/index.html.