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These prices are more an indication than an actual exchange price. Unlike the prices on an exchange, pricing providers tend to give a weekly or bi-weekly price. For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on ...
The Steel Industry of China: Its Present Status and Future Potential (1999) Hogan, William T. Minimills and Integrated Mills: A Comparison of Steelmaking in the United States (1987) Meny, Yves. Politics of Steel: Western Europe and the Steel Industry in the Crisis Years (1974–1984) (1986) Scheuerman, William.
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
Prices were hovering at between $1,770 and $2,175 per tonne [104] as the markets became more bullish and increased prices after China's car scrapping scheme had caused a general upturn in lead, zinc, cadmium and aluminium production. [104] [105] By the June 2010, prices stood at only $870 per tonne, and were back to about $2,200 in the July 2010.
The first index to track commodity futures prices was the Dow Jones futures index which started being listed in 1933 (backfilled to 1924). [1] The next such index was the CRB ("Commodity Research Bureau") Index, which began in 1958. Due to its construction both of these were not useful as an investment index.
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The industry argued that steel tariffs imposed in 2018 boosted steel prices, profits, and employment. They have also publicly called for stricter enforcement of trade laws and increased tariffs on steel-intensive products from China and Southeast Asia. [21]