Steel prices, and the rest of the commodities will rise next year for the following reasons.   The United States has started printing money to help battle the economic crisis, and this is not a political statement just an economic fact.  When this has been done in the past it has caused a rise in the inflation rates.  The second effect of this economic crisis is that the dollar continues to decline against other currencies and this will also cause the prices for all the hard assets to increases.

With the weaker dollar it will be harder for many of the service centers, and mills to bring in imported steel.

This entry was posted on Thursday, July 2nd, 2009 at 9:24 am and is filed under Raw Materials. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.