Steel Prices Part II

The steel prices will rise next year, as well as from the rest of the commodities, 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.