We evaluate the price development for the steel and raw material markets based on selected charts on a monthly basis. This is similar to the procedures used by chart analysers for the evaluation of the stock exchange markets. Advantages of such chart analyses are: The chart value / development of the chart contains all positive and negative information. Furthermore it shows the expectations of the participants in this market for the future.
The price of iron ore has indeed risen above the last high of the 1st quarter of 2017. Suppliers of this commodity currently seem to be at the longer end of the lever.
It should be noted, however, that the price recovery since the peak of the 4th quarter 2013
and the December 2015 low is already over 50 %.