LME inventories are a third of annual demand, that tells you everything - even if you're in a deficit next year, it still makes little difference. The industry is around 50 percent loss-making now. Dominic Schnider More Quotes by Dominic Schnider More Quotes From Dominic Schnider The main story is the steel outlook in China. Clearly the demand side remains extremely weak. Dominic Schnider company-news Uncertainty has had a tendency to help gold, but that's often just very short-lived. We can expect some higher volatility in the near term. Dominic Schnider energy The big question is, given that there is so much uncertainty with the security issue if borders in Europe start to close, what economic impact could that have? That would probably be a very damaging factor. Dominic Schnider energy
