Last updateWed, 12 May 2021 8pm

Trends & Forecasts

No Sign of a Rollback in Global Steel Prices

steel.jpgDon’t look for steel prices to drop anytime soon. A “perfect storm” of economic factors will keep them high for the foreseeable future.

According to data developed by Platts, the U.S. steel price index climbed 75% between Nov. 20, 2006 and May 5, 2008. Platts’ European steel price index is up just over 80% for the same period.

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