What a week! Don’t call it a comeback, but anything related to emerging markets and commodities exploded into a rally of epic proportions. HRC, ore, scrap, oil, metals, steel stocks, ore stocks, etc., etc. etc. saw ridiculous gains. Domestic steel mills are raising prices and winning trade cases. Steel imports are falling and the dollar has been flat for weeks. Concerns of a recession that have dominated much of 2016 are, well, what recession? Issues in the steel industry have swiftly moved from falling prices to availability.