Does Anyone Know A Correlation Between Scrap Iron Prices And Economic Recovery?

Dec 12, 2011   //   by admin   //   Scrap Lead  //  2 Comments

A friend was just asking me if this is any kind of leading indicator of the general economy. Does anyone track anything like this?

2 Comments

  • Commodities are generally inversely related to the US Dollar.

  • iron is a commodity. its a resource that can always be recycled.
    all commodities rise during economic difficulty and drop during recovery.

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