The Market Vectors Steel (ETF) (NYSE: SLX) has gained nearly 30 percent thus far in 2016 as China transitions away from investment mode and into consumption mode. The spread of Chinese vs U.S. Hot Rolled Coil (HRC) has swelled above recent highs. The China/U.S. spread now stands around $242 and Europe/HS spread hovers around $170.
The spike in Chinese HRC and ...
/www.benzinga.com/analyst-ratings/analyst-color/16/05/7994849/china-u-s-hot-rolled-coil-steel-spread-explodes-cowen-fo alt=China, U.S. Hot Rolled Coil Steel Spread Explodes; Cowen Forecasts Short Life Expectancy>Full story available on Benzinga.com
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