20 days ago • Posted by Martin Boujol
Global steel prices boom as demand exceeds supply
From Asia to North America, steel prices are marching higher as most industrials are now bullish on the economic recovery. The global rebound led the way to a range of buying that can simply not be matched by production. The worldwide steel demand will grow 5.8% this year to exceed pre-covid levels. The iron or now reached $193 a ton, only $1 away from their peak.
Source: Yahoo Finance, Bloomberg