In early May, the World Steel Association (worldsteel) repeated its worries about “the recent unprecedented rises in the price of iron ore and metallurgical coal.” The industry warned that these prices are pressuring margins and are threatening to increase inflation pressures in various countries. The industry also worries that price volatility will increase with the change from annual to three-month spot pricing.
See “The steel industry repeats alarm over recent developments in raw materials markets” for more details.