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Commentary > Trend Analysis

Bottom of the mart draws near after May bloodbath

By Bill Beck - May 13, 2019

Despite what one Great Lakes broker described as a “May bloodbath,” many dealers and brokers believe the bottom of the current market is near. Prices were off $30 to $40 across much of North America’s mid-section in May amid mill outages, slack order books and sluggish export activity. But sentiment is developing that June markets will be down slightly at the worst, followed by a price rebound in July or August.

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