Never assume a journalist really understands what he's writing.

Allan

Curt Raymond via Mercedes <mercedes@okiebenz.com> writes:

>  "After bottoming out around $460 last year, US benchmark hot-rolled coil 
> steel prices are now sitting at around $1,500 a ton, a record high that is 
> nearly triple the 20-year average."
> I have difficulty understanding this sentence, if $460 was the bottom and 
> $1500 is 3x the 20 year average the "bottom" when steel "bottomed out" last 
> year was pretty much at the 20 year average...
> Hype article...
>
> -Curt
>

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