Global shifts are exerting pressure on alternative iron prices, with significant implications for the steel market.
As countries reassess their supply chains and energy policies, the demand for alternative iron sources is increasing. Factors such as geopolitical tensions, fluctuating raw material costs, and changing environmental regulations are contributing to this dynamic. The ongoing transition towards more sustainable production methods is also influencing pricing strategies, leading to a reevaluation of traditional iron sources and a potential rise in the adoption of alternative materials in steel production.
Citations:
[1] https://www.metallic.com/news-item/market-update-2/
[2] https://www.madewellconcreteproducts.com/blog/whats-causing-steel-price-increases-in2021-in-usa
[3] https://www.spglobal.com/marketintelligence/en/mi/topic/steel-market-outlook-and-steel-price-forecast.html
[4] https://www.crugroup.com/steel-market-update/
[5] https://www.technavio.com/report/iron-and-steel-market-industry-analysis
[6] https://www.steelmarketupdate.com/news/
[7] https://www.majesticsteel.com/majestic-insights/market-update/
[8] https://documents1.worldbank.org/curated/ar/698051468128113998/310436360_20050014095725/additional/multi0page.pdf