Soaring Steel Makes Winners and Losers

The price surge magnifies the disparity between steelmakers with their own raw materials and those dependent on world markets for them

Recently the prices of several key steelmaking raw materials have gone through the roof. Since the end of 2003, the price of iron ore has soared 321%, and it's up 65% just in the last year. Coking coal is up a staggering 582% since 2003 and triple what it was in 2007. And scrap steel has climbed 237%, doubling since last year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.