Will the steel price top its all-time high by the end of 2021?
Market Rules
The international economic recovery from the SARS-Cov2 pandemic raises concerns about the pace of the manufacturing comeback and possibility of inflation in some of the most economically relevant countries in the world, including the US and China. Steel is a commodity broadly employed for constructions and multiple industrial uses, and its price trajectory might indicate economic and inflationary growth trends.
If by December 31, 2021 the price of 1 tonne of steel rebar surpasses the 6000 yuans landmark that was reacehd in May 2021 - and was still the all-time high for steel prices at the time this market was opened - this market will be resolved as “Yes”.
This market will be resolved based on the figures published by Trading Economics at https://tradingeconomics.com/commodity/steel.