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The knock-on effect of surging steel prices
Tuesday, July 08, 2008

Steel costs have risen sharply in recent months serving to push steel prices to record highs across the globe as the industry scrambles to remain apace.

 

But what exactly has impelled this stellar increase in steel prices? Research indicates that swelling steel prices have been driven by a combination of raw materials escalation, insatiable global demand and a tight supply chain amongst other things.

 


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