While metal prices remain at five-year highs, price relief across other key commodities have emerged over the past 30 days—albeit slightly. Could that extend to the metals market in the not-too-distant future?

Nick Webb, Ryerson’s director of risk management and commodities hedging, gave us another Cup o’ Joe on June 3, examining everything from Chinese lending data to the difficulty buying a new home and what it all means for metal.

If you prefer to sip your Cup o’ Joe recap instead, check out the highlights below.

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Watching Chinese Lending Data

China’s credit impulse, which measures how accommodative lending standards are within the country, tends to be important driver of commodity prices. It has taken a sharp downturn in recent months.

Webb explains the significance this has on domestic prices:

Will Interest Rates Need to Tighten Soon?

If inflation proves to not be transitory, will that mean that interest rates will need to be hiked? Webb looks at the correlation between rates and the copper/gold ratio.

Homes and Cars are Hard Find—What Does that Mean for Metal?

Current conditions show that buying a house and buying a car is difficult these days. Webb snapshots some research data on this front from the University of Michigan and makes the tie to the future of metal.

Capacity Relief for Carbon Steel

The current price of hot-roll carbon is nearly double that of Chinese product. But those prices could be nearly untouchable for some domestically given tariffs in place.

Webb looks at the futures data, as well as what the return above 80% capacity utilization means right now.

Uneven Movements in Aluminum

It’s been a bit of a choppy ride for aluminum—and here are some reasons why.

What Could Stainless Rallies Mean for You?


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