Steelmaking costs 2008
With all the talk of the impending 2008 iron ore price increase, industry observers might be forgiven for taking their eye off other steelmaking costs. But ferrous scrap prices also rocketed in January [see http://www.steelonthenet.com/commodity_prices.html], rising a massive $90/tonne to ~$385-$400 fob Rotterdam for HMS1. Just to add to the misery, natural gas prices also jumped 20% in January [http://www.steelonthenet.com/commodity_prices.html], to reach record levels ...
Anyone betting on a 2008 steel price fall ?
blogger@steelonthenet.com
Anyone betting on a 2008 steel price fall ?
blogger@steelonthenet.com