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War means surging steel prices and unfinished infrastructure

Europe relied on Russia and Ukraine for a fifth of its steel imports and the impact is made even worse by surging energy costs that have forced local steel mills to reduce production. ....

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War Means Surging Steel Prices and Unfinished Infrastructure

(Bloomberg) A failed tender to build a bridge in Rome highlights another consequence of Moscow’s war: soaring steel prices. ....

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Demand is so high for steel, some mills have stopped taking orders

Demand is so high for steel, some mills have stopped taking orders
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Gold posts weekly loss as US dollar, yields rebound

Gold fell on Friday as US Treasury yields climbed from near a three-month low and the US dollar strengthened. The metal erased some short-lived gains that were made in the wake of a US inflation report.
Thursday’s US report on the consumer price index (CPI) showed that price increases were largely driven by categories associated with economic reopenings, bolstering the view that inflation pressures might ease later in the year.
With the US Federal Reserve setting a high bar for reconsidering its dovish stance, the data ended up stoking risk appetite across global markets pressuring demand for bullion as a ....

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Steel's massive rally is hitting all parts of the global economy

Steel's massive rally is hitting all parts of the global economy
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