In the not too distant past, steel producers would have been happy to receive around $250 for a tonne of hot rolled coil. Now, with prices having peaked around four times this level, it is obvious that the entire cost make-up of the steel industry has undergone a significant structural shift. This paper will examine the fundamental reasons behind the steel price surge, together with implications, opportunities and risks for the steel industry going forward.
Get full access to this article
View all access options for this article.
References
1.
MittalL. N., Keynote presentation, Proc. Steel Success Strategies XIII conf. New York, 2008.
2.
CRU Steel Price Index, September2008.
3.
‘World steel in figures 2008’, International Iron & Steel Institute, 2008.
4.
‘Crude steel statistics’, International Iron & Steel Institute, 2008.
