After oil, steel prices are making India’s economic recovery harder ...Middle East

Quartz - Economy
After oil, steel prices are making India’s economic recovery harder
source : Quartz ( Middle East ) () 12
Even as concerns over oil prices continue to mount, Indian businesses are now staring at inflationary pressure from another commodity.The price of steel has gone up by 33% since April 2020 due to a strong surge in demand from the US, Europe, China, and some emerging markets.The huge stimulus packages by governments across the world along with the unlocking of economic activity and optimism around the vaccination are contributing to the price rise.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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