Steel prices have waxed and waned more than usual this past year. MetalMiner has reported extensively on all of the various factors contributing to this unpredictability. Of course, you can’t ignore China’s rolling COVID lockdowns or the year-long supply chain hangups. However, we feel one of the biggest X factors for the global steel supply has been Putin’s disastrous war on Ukraine. The War Limps Past the Five-Month Mark, Steel Supply Suffers Back on February 24th, few analysts could have predicted the path the Russian invasion…
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