Steel’s massive rally is hitting all parts of global economy ...Qatar

The steel industry is booming like never before as the global economy recovers from the pandemic, and the ripple effects are being felt by everyone from home builders to appliance makers. Demand is so frenzied that US mills have stopped taking orders from customers in recent weeks, according to Dan DeMare, director of sales at Heidtman Steel Products Inc. DeMare said the mills may not begin taking new orders until late summer so that they can clear backlogs. In a global economy already shaken by supply shortages and inflation worries, the mills’ moves may signal more delivery snags and even higher prices for a commodity key to a wide swath of industries. Across the world, about 500 pounds o

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Last updated : 11 June 2021 clock 09:15 PM

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Steel’s massive rally is hitting all parts of global economy ...Qatar

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