Steel Price Increases & Construction Industry Impact 2021 ...
The cost of iron ore almost doubled between March and December 2020, to a figure of $160 USD/dmt, while Metallurgical Coke also rose by around 45%. In the same period as raw material prices impact BOS-produced products, scrap prices, which impact EAF-produced steel, have also risen in 2020 by around 70%, to $425 USD/t, as levels of scrap have ...